cost management, one of the ten pmbok guide knowledge areas, includes the processes involved in planning, estimating, budgeting, financing, funding, managing and controlling costs so that the project can be completed within the approved budget.

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12-10-2022
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cost management, one of the ten pmbok guide knowledge areas, includes the processes involved in planning, estimating, budgeting, financing, funding, managing and controlling costs so that the project can be completed within the approved budget.

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akankshasharma92 akankshasharma92 · Answer 1 · 2022-10-22T09:53:56+02:00

Project Cost Management, one of the ten PMBOK guide knowledge areas, includes the processes so that the project can be completed within the approved budget. The Statement is True.

The fourth of the PMBOK's ten project management knowledge areas is project cost management. It has four processes. The final one involves managing project finances while a project is being carried out, and it takes place in the Monitoring and Controlling process group.

These three fall within the planning process category because they all include establishing project budgets.

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Whether the statement is True or False.

Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget.