PM cost management

Estimating costs and determining a budget are part of the ________ process for any project.

• planning

• execution

• monitoring

• closure

What does determining a budget help to establish for a project?

• The timeline for the project

• The cost required for completing the project work

• The number of team members needed

• The location of the project

Fill in the blank: The process of developing an approximation of the monetary resources needed to complete project activities is called _________.

• Estimate Costs

• Define Scope

• Develop Schedule

• Plan Quality

Fill in the blank: The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline is called _________.

• Determine a Budget

• Estimate Costs

• Control Costs

• Plan Cost Management

Fill in the blank: ________ determines the cost baseline against which the project performance can be monitored and controlled.

• Determine a Budget

• Define Activities

• Develop Project Charter

• Control Quality

Which of the following is an input for estimating costs?

• Cost Management Plan

• Marketing Strategy

• Sales Report

• Customer Feedback

Which of the following is an input for estimating costs?

• Human Resource Management Plan

• Product Launch Plan

• Financial Statement

• Customer Survey

Which of the following is an input for estimating costs?

• Scope Baseline

• Marketing Budget

• Sales Forecast

• Customer Database

Which of the following is an input for estimating costs?

• Project Schedule

• Advertising Plan

• Market Analysis

• Customer Feedback

Which of the following is an input for estimating costs?

• Risk Register

• Product Catalog

• Sales Invoice

• Customer Review