Once the project starts, it is necessary to keep track of actual cost and committed cost so that they can be compared to the ____.
A) total budgeted cost
B) cumulative budgeted cost
C) total cumulative fees
D) contract cumulating amount

Question

Quizplus · Accepted Answer

The correct term is "cumulative budgeted cost," which refers to the total budgeted cost of a project up to a certain point in time. This allows for a comparison between what was planned to be spent by that time and what has actually been spent or committed.

Once the Project Starts, It Is Necessary to Keep Track