The Cost ________ Process Is Concerned with Influencing the Factors

question 3

Multiple Choice

The cost ________ process is concerned with influencing the factors that create cost variances on a project and controlling changes to a project's budget.

• A) control
• B) change
• C) management
• D) monitoring

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Definitions:

Proportion Increased

A measure indicating how much the ratio of a part to the whole has grown.

Average Salaries

The mean amount of payment received by employees in a particular job, industry, or region, calculated by dividing the total sum of salaries by the number of employees.

Employees

Individuals who are hired by a company or organization to perform specific duties in exchange for compensation.

Population Standard Deviations

The square root of the variance of a set of values, which quantifies how much the members of a population differ from the population mean.