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Test 2 Chap 7 Word Scramble

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Created by: bmarietto

Question	Answer
If a project budget is over funded, it will often __________.	produce waste and encourage slack management
Identify the statement that is not correct regarding a project budget.	The budget is not an expression of organizational policy
In order to develop a budget, the PM must forecast __________.	All of the above (the resources required, when resources will be needed, the cost of resources)
The traditional organizational budget is __________.	category-oriented
The authors identify __________ estimation errors as the two types of generic estimation errors.	random and systematic
The pattern of deviations in cost and usage used for exception reporting to management is called __________.	variances
__________ costs vary with output.	Direct
Unless the project manager is familiar with the firm’s __________ it will be very difficult to exercise budget control.	accounting system
The __________ form of budgeting has the advantage of using individuals closer to the work to provide estimates of resource requirements.	bottom-up budgeting
A possible reason for the poor record of project cost overruns is __________.	all of the above (scope creep, optimistic estimates, unaware of some costs)