Question

In: Finance

1) The __________________ establishes the baseline from which we measure performance and is later used in...

1) The __________________ establishes the baseline from which we measure performance and is later used in Cost Control.

a) Work Breakdown Structure

b) Resource Plan

c) Cost Estimate

d) Cost Budget

Solutions

Expert Solution

d) Cost budget

through cost budget, we plan the expenses which will be incurred later, and by comparing the actual expense with the budgeted expense we can measure the performance which can be used in cost control.


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