____ involves the following: Analyzing cost performance to determine which work packages may require corrective action; Deciding what specific corrective action should be taken; and Revising the project plan, including time and cost estimates, to incorporate the planned corrective action.
A) Resource analysis
B) CPI monitoring
C) Cost control
D) Problem solving

Question

Quizplus · Accepted Answer

The given statement describes the process of cost control, which includes analyzing cost performance, deciding on corrective action, and revising the project plan accordingly. Option A is incorrect as resource analysis refers to the process of identifying and allocating resources required for the project. Option B refers to monitoring the project's cost performance, but not specifically the process of determining corrective action. Option D is too broad and doesn't specifically address the process described in the statement.  Therefore, the correct choice is C - Cost control.

____ Involves the Following: Analyzing Cost Performance to Determine Which