The Project Cost Management Knowledge Area Maps to the _____

question 13

Multiple Choice

The project cost management knowledge area maps to the _____ process group through the activities of estimating costs and budget determination.

• A)initiating
• B)planning  
• C)executing
• D)monitoring and controlling

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Definitions:

Potential Risks

Possible threats or dangers that could lead to negative outcomes.

Summarizing Problem

The process of briefly stating the main issues or complexities of a larger problem or situation.

Operating Reports

Detailed documents that provide insights into the day-to-day functions, performance, and efficiency of a business's operations.

Business Plans

Formal documents outlining the goals, strategies, and financial forecasts of a business, intending to guide its direction and growth.