Project ____ management includes the processes required to ensure that a project team completes a project within an approved budget.
A) control
B) delivery
C) cost
D) outlays

Question

Quizplus · Accepted Answer

Cost management involves processes for planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget. Options A and B are incorrect as they do not specifically address budget constraints. Option D, "outlays," is a term that refers to actual expenses, but doesn't encompass the entire process of managing costs to stay within a budget.

Project ____ Management Includes the Processes Required to Ensure That