Cost, time, and budget estimates are the lifeline for control; they serve as the standard for comparison of the actual and the planned throughout the life of the project.

Question

Quizplus · Accepted Answer

Cost, time, and budget estimates are crucial for project management as they provide a baseline against which actual performance can be measured, allowing for adjustments and control throughout the project's lifecycle.

Cost, Time, and Budget Estimates Are the Lifeline for Control;