The First Step in Project Cost Management Is

question 95

Multiple Choice

The first step in project cost management is:

• A)to allocate project cost estimates to individual material resources. 
• B)to plan how costs will be managed. 
• C)to control project costs and monitor cost performance. 
• D)to develop several estimates of costs for different types of resources.

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Definitions:

Autocratic Power

A form of government in which a single person (an autocrat) holds all the power without limitations or checks and balances.

Pocahontas

A Native American woman notable for her association with the colonial settlement at Jamestown, Virginia, and her role in fostering peace between English settlers and Native Americans.

Dysentery

An infectious disease characterized by severe diarrhea with blood and mucus, often caused by bacteria or parasites.

Tobacco Cultivation

The agricultural practice of growing and harvesting tobacco plants, historically significant to the economy of several US colonies.