Once a total budgeted cost has been established for each work package, the second step in the project budgeting process is to
A) assign each TBC at the start of its work package.
B) assign each TBC at the end of its work package.
C) distribute each TBC over the project by dividing the total by the number of work packages and assigning that amount to each.
D) distribute each TBC over the duration of its work package.

Question

Quizplus · Accepted Answer

Once the total budgeted cost has been established for each work package, the second step in the project budgeting process is to distribute each TBC over the duration of its work package. This is necessary to ensure that the budget is properly allocated to each stage of the project and that the cost is not front-loaded or back-loaded in any particular area. Distributing the TBC over the duration of the work package also enables the project manager to track and monitor the progress of the project and make adjustments as necessary.

Once a Total Budgeted Cost Has Been Established for Each