A key tool used as input for the formal integrated change control process and the timely management of a project budget is the ________ technique.
A) SWOT
B) earned value management
C) constraint management
D) expected future value

Question

Quizplus · Accepted Answer

The earned value management technique is used to track project progress and measure actual performance against planned performance, allowing for timely management of the project budget. It provides data for the formal integrated change control process, which allows for adjustments to be made to the project budget and schedule as necessary. SWOT is a strategic planning tool used for analyzing a project's strengths, weaknesses, opportunities, and threats. Constraint management is the process of identifying and managing constraints that can affect project performance. Expected future value is a calculation used in financial management to estimate the potential future value of an investment. While all of these tools can be useful in project management, earned value management is the best choice for the given scenario.

A Key Tool Used as Input for the Formal Integrated