What are the two main disciplines of project cost management?
How to Deliver Effective Project Cost Management

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Business
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12th Grade - University
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Hard
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Estimating and planning; executing and closing
Budgeting and financing; controlling and auditing
Planning and executing; monitoring and reporting
Estimating and budgeting; monitoring and controlling
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is a project budget essential?
To ensure project completion on time
To justify project viability and secure funding
To increase project scope
To manage team performance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the best way to estimate costs for a project?
By guessing based on past projects
By consulting with stakeholders
By using a top-down approach
By estimating task by task
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is considered an indirect cost?
Contractor fees
Materials and supplies
Premises costs
Travel expenses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does a Senior Financial Officer play in large projects?
They oversee financial accountability
They manage the entire project
They handle all project communications
They execute project tasks
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key aspect of monitoring and controlling project costs?
Setting up a new budget
Increasing project scope
Observing expenditure and taking corrective actions
Hiring more staff
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might spreadsheets be dangerous for large projects?
They are too expensive
They can contain errors
They are difficult to share
They are not customizable
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