PMP (Project Management Professional) · Question
Which document describes how project costs will be planned, structured, and controlled?
The Cost Management Plan is a component of the project management plan that describes how costs will be managed throughout the project.
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Question: Which document describes how project costs will be planned, structured, and controlled?
Answer options:
- Cost baseline ✅ Cost management plan
- Project budget
- Funding limit reconciliation
Correct answer: Cost management plan
Explanation: The Cost Management Plan is a component of the project management plan that describes how costs will be managed throughout the project.
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Question explanations
- What is the primary output of the 'Direct and Manage Project Work' process?
- Which project management approach emphasizes frequent communication, self-organizing teams, and adapting to ch
- Which of the following is an output of the 'Develop Project Charter' process?
- Which type of risk response strategy involves shifting the impact of a threat along with ownership to a third
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