The cost management plan provides guidelines to the project manager and other stakeholders and serves all of the following purposes EXCEPT:
A) It shows how to develop and share relevant, accurate and timely information on cost that the project manager, sponsor and other stakeholders can use to make intelligent and ethical decisions.
B) It documents how the project statement of work and business case should be created.
C) It helps all project stakeholders focus appropriately on schedule and cost performance.
D) It provides feedback, thereby showing how the project's success is linked to the business objectives for which it was undertaken.

Question

The cost management plan provides guidelines to the project manager and other stakeholders and serves all of the following purposes EXCEPT:​ 
A) It shows how to develop and share relevant, accurate and timely information on cost that the project manager, sponsor and other stakeholders can use to make intelligent and ethical decisions. 
B) It documents how the project statement of work and business case should be created. 
C) It helps all project stakeholders focus appropriately on schedule and cost performance. 
D) It provides feedback, thereby showing how the project's success is linked to the business objectives for which it was undertaken.

Quizplus · Accepted Answer

The cost management plan provides guidelines for managing the project's costs, including processes for estimating, budgeting, monitoring, and controlling costs. It does not document how the project statement of work and business case should be created, which is covered by the project charter and other planning documents.

The Cost Management Plan Provides Guidelines to the Project Manager