When the budgets for all the work packages are summed,
A) they should exceed the amount of funds available.
B) they cannot exceed the total project budgeted cost.
C) if the total is too high then the amounts should be force-fitted into the customer's budget.
D) if the total is too low then extra non-project expenses should be added.

Question

Quizplus · Accepted Answer

The budgets for all the work packages cannot exceed the total project budgeted cost. This is because the project budget represents the available funds for the project and if the total of the work package budgets exceeds the project budget, then there will not be enough funds to complete the project. Therefore, the best choice is B.

When the Budgets for All the Work Packages Are Summed