Cost management questions

1. Which of the following are all characteristics of a project? A – Unique, finite, set of interrelated tasks, objectives have strategic alignment

Cost Management Function

The Cost Management function (WBS-1) includes the processes that are required to maintain financial control of projects (economic evaluation which initiates the project, estimating, organizing, controlling, analyzing, reporting, forecasting and taking the necessary corrective action.
The Function chart (Figure 1), the Function Impact Matrix chart (.


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