Which Process Involves Developing an Approximation of the Costs of Resources

question 50

Multiple Choice

 Which process involves developing an approximation of the costs of resources needed to complete a project?

• A) determining the budget
• B) finalising the cost baseline
• C) controlling costs
• D) estimating costs

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Definitions:

Influence

The ability to influence the personality, growth, or actions of an individual or entity.

Two-Stage Attribution Model

A psychological theory that describes how individuals infer the causes of their own or others' behavior in two steps: first identifying the behavior, then attributing it to internal or external causes.

Manager

An individual responsible for controlling or administering an organization or group of staff.

Poor Performance

The failure to meet established standards, expectations, or objectives in work or other activities.