To keep track of ____, it's necessary to set up a system to collect, on a regular and timely basis, data on funds actually expended.
A) budgeted cost of work scheduled
B) planned cost of the project
C) actual cost on a project
D) budgeted cost of work performed

Question

Quizplus · Accepted Answer

To keep track of actual cost on a project, it's necessary to collect data on funds actually expended. Option A, B, and D relate to the planning phase of a project and do not involve tracking actual expenditures.

To Keep Track of ____, It's Necessary to Set Up