Examlex
A project manager noted there were many possible features that could be incorporated into a project, and the customers wavered about whether to include particular features. Which of the following is the BEST approach to ensure appropriate delivery of the project?
Static Budget
A budget that does not change or adapt over time, based on the assumption of a fixed level of activity.
Activity Index
The activity that causes changes in the behavior of costs.
Variable Costs
Costs that vary directly with the level of production or service output, such as materials and labor.
Budgetary Control
The process of managing a company's income and expenditure with the aim of keeping spending in line with the budget.
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