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3 Cards in this Set

  • Front
  • Back

Accountants usually define _______ as a resource sacrificed to achieve a specific objective.



A. Money


B. Liability


C. Trade


D. Cost

D. Cost

What is the main goal of project cost management.



A. To complete a project for as little cost as possible.


B. To complete a project within an approved budget


C. To provide truthful and accurate cost information on projects.


D. To ensure that an organization's money is used wisely.

B. To complete a project within an approved budget.

Which of the following is not an output of the project cost management process called estimating costs, according to the PMBOK Guide?



A. Activity cost estimate


B. A cost baseline


C. Basis of estimates


D. Project documents updates

B. A cost baseline