The key to effective cost control is to
A) aggressively address negative cost variances and cost inefficiencies as soon as they are identified.
B) aggressively address positive cost variances and cost inefficiencies as soon as they are identified.
C) extend the project schedule to complete the project in time.
D) all the project to continue and improve.

Question

Quizplus · Accepted Answer

Effective cost control requires addressing negative cost variances and inefficiencies as soon as they are identified, as this allows for corrections to be made and prevents costs from spiraling out of control. Addressing positive cost variances may not necessarily lead to cost savings, and extending the project schedule can actually increase costs. Allowing the project to continue without addressing cost issues can also result in higher costs in the long run.

The Key to Effective Cost Control Is to