The project budget is based on
A) how well the project manager can use accounting software.
B) the estimated costs associated with the quantities of resources to be used.
C) the actual costs of the resources used for the project.
D) the costs to do the resources before any indirect costs.

Question

Quizplus · Accepted Answer

The project budget is based on the estimated costs associated with the quantities of resources to be used. This includes direct costs such as materials, equipment, and labor, as well as indirect costs such as overhead and administrative expenses. While accounting software may be used to track and manage the project budget, it is not the basis for determining the budget. The actual costs of the resources used may be used to adjust the budget during the project, but they are not the initial basis for creating the budget. The costs to do the resources before any indirect costs is not a relevant factor in determining the project budget.

The Project Budget Is Based on