Budgeting is implemented for projects. The budget has been adjusted several times. What standard report type provides an overview of adjustments on the budget?

The correct answer is B. Hierarchical report on budget updates. A hierarchical report on budget updates is a standard report type that provides an overview of adjustments on the budget for WBS elements within your project. A hierarchical report on budget updates displays the budget values and changes for each WBS element in a hierarchical…

Project Budgeting

Question

Options

AStructure overview for budgets
BHierarchical report on budget updates
CCost element report on budget updates
DLine item report for budgets

How the community answered

(27 responses)

A
4% (1)
B
93% (25)
C
4% (1)

Explanation

A hierarchical report on budget updates is a standard report type that provides an overview of adjustments on the budget for WBS elements within your project. A hierarchical report on budget updates displays the budget values and changes for each WBS element in a hierarchical structure. You can use various selection criteria and display options to customize the report according to your needs. You can also access detailed information on individual budget values or changes by choosing drilldown functions.

Topics

#budget adjustments#budget reporting#hierarchical report#budget overview

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