Cost Center Managers Are Evaluated on Their Success in Controlling

question 57

True/False

Cost center managers are evaluated on their success in controlling costs compared to budgeted costs.

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Definitions:

Execution Plan

A detailed document outlining the strategies, activities, resources, and schedules required to complete a project or reach an objective.

Construction Industry Institute

An organization or consortium focused on improving the construction industry through research, best practices, and collaboration.

Criterion

A principle or standard by which something may be judged or decided.

Project Manager

A professional responsible for planning, executing, and closing projects, ensuring goals are met within constraints like budget and time.