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Question 283 - PK0-005 discussion

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Which of the following statements best describes zero-based budgeting?

A.

Start with the budget from the last project and add any new expenses.

Answers
A.

Start with the budget from the last project and add any new expenses.

B.

Start with allocating expenses based on the importance of the project.

Answers
B.

Start with allocating expenses based on the importance of the project.

C.

Start the project with a fixed amount decided by the management team.

Answers
C.

Start the project with a fixed amount decided by the management team.

D.

Start with no financial plan and justify each new expense.

Answers
D.

Start with no financial plan and justify each new expense.

Suggested answer: D

Explanation:

Zero-based budgeting involves starting from a ''zero base'' and justifying each expense without reference to previous budgets. This budgeting method promotes financial discipline and aligns with CompTIA Project+ guidelines on budget control and justification.

asked 16/10/2024
David Miller
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