The budget determination process presents to the stakeholders and project team the entire picture of costs for the project, taking into account all the following cost categories: direct and indirect, recurring and nonrecurring, fixed and variable, and all life cycle costs.

Question

Quizplus · Accepted Answer

The budget determination process does indeed take into account all of the mentioned cost categories to present a comprehensive picture of project costs to stakeholders and the project team.

The Budget Determination Process Presents to the Stakeholders and Project