involves the following: analysing 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 description matches the process of cost control, which involves analyzing cost performance, determining corrective action, and revising the project plan. Resource analysis and problem solving may be part of cost control, but they alone do not cover all the necessary steps. CPI monitoring is focused on analyzing cost variance, but does not explicitly address the other steps involved in cost control.

Involves the Following: Analysing Cost Performance to Determine Which Work