List and Briefly Describe the Three Project Cost Management Processes

question 72

Essay

List and briefly describe the three project cost management processes.

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Definitions:

National Debt

The aggregate financial obligations incurred by a government of a country through borrowing.

Tax Revenue

The income gained by the government through taxation, which is then used to fund public services and governmental functions.

Budget

An estimate of income and expenditure for a set period of time.

Government Spending

Financial expenditures by the government to influence a nation's economy, including investments in public services and infrastructure.