The process of matching funds provided with funds spent is called _____.
A) parametric estimating
B) reserve analysis
C) alignment process
D) cost aggregation
E) reconciliation

Question

Quizplus · Accepted Answer

The process of matching funds provided with funds spent is called reconciliation. It involves comparing financial records and transactions to ensure that there are no discrepancies and that the funds received and spent are accurately accounted for. Parametric estimating is a method of cost estimation that uses statistical data and mathematical models to calculate costs. Reserve analysis is a process of regularly reviewing and adjusting project reserves to ensure that they are appropriate. The alignment process involves ensuring that project goals and objectives align with the overall strategic objectives of the organization. Cost aggregation is the process of grouping individual costs into larger categories for reporting and analysis.

The Process of Matching Funds Provided with Funds Spent Is