The main goal of the ____ process is to produce a cost baseline for measuring project performance and project funding requirements.
A)cost budgeting
B)cost consolidation
C)cost control
D)cost estimating

Question

Quizplus · Accepted Answer

Cost budgeting is the process of aggregating the estimated costs over time to establish a cost baseline for measuring project performance and project funding requirements. The cost budget is typically presented in the form of a cost baseline, which identifies the planned budget for each work package or activity within the project. This process is an essential part of project management and helps project managers to control costs and ensure that projects are delivered on-time and within budget. Cost estimating, cost control, and cost consolidation are other important cost management processes, but they do not aim at producing a cost baseline for measuring project performance and project funding requirements.

The Main Goal of the ____ Process Is to Produce