Allocating total project costs for the various elements to the appropriate work packages will establish
A) the committed costs for the work package.
B) the anticipated expense for the work package.
C) how to apply resources to the work package.
D) a total budgeted cost (TBC)for each work package.

Question

Quizplus · Accepted Answer

Allocating total project costs to the appropriate work packages will establish a total budgeted cost (TBC) for each work package. This will help in tracking the project budget and determining the actual costs for each work package. Option A is incorrect as committed costs refer to costs already incurred. Option B is incorrect as anticipated expense refers to future costs that may or may not be incurred. Option C is incorrect as applying resources to a work package is a separate activity from allocating total project costs.

Allocating Total Project Costs for the Various Elements to the Appropriate