A cost report showing budget overruns on a project completed during the prior month is an example of which type of control?
A) Preliminary control
B) Cost control
C) Managerial control
D) Steering control
E) Feedback control

Question

Quizplus · Accepted Answer

Feedback control involves analyzing past performance to make improvements in future actions. A cost report showing budget overruns from a completed project is used to understand what went wrong and to improve future budgeting and project management, making it an example of feedback control.

A Cost Report Showing Budget Overruns on a Project Completed