Cost management question paper with answers pdf

How to write a question paper?

This question paper consists of 11 pages and an answer book of 9 pages.
Answer ALL the questions in the ANSWER BOOK (attached).
Write your EXAMINATION NUMBER and CENTRE NUMBER on each page in the spaces provided.
Read ALL the questions carefully.
Write neatly and legibly. 1.1 Various options are given as possible answers to the following questions.

,

What are the three cost management processes?

The three cost m

  • an
  • agement processes defined by the Guide to PMBOK
  • are:
  • a.
    Scope Definition, Cost Estim
  • ating,
  • and Cost Control b.
    Cost Estim
  • ating, Cost Budgeting,
  • and Cost Control c.
    Project M
  • an
  • a.. _____ estim
  • ating h
  • as the
  • adv
  • ant
  • age of speed of
  • applic
  • ation
  • and is rel
  • atively inexpensive.
    A) Round t
  • able B) Comp
  • arison C) Det
  • ailed .
    • ,

    What is cost management in project management?

    Cost Management is an integral part of Project Management because all progress and actual costs will be measured against the budget.
    This process starts with planning and estimating costs to develop an approximation of the financial resources required to complete a Project.


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