Q7. Control cost is the process of monitoring the status of the project to update project costs and managing changes to the cost baseline. The advantage is that it provides the means to identify the variance from the plan in order to take corrective action and also minimize risks. Which of the below statements is not included in control cost?
A. Ensure all the change request are acted on in a timely manner
B. Monitor work performance against funds expanded
C. Bringing expected cost overruns within expected limit
D. Determine cost baseline against which project performance will be observed
Correct Answer: D
Explanation:
Determine cost baseline against which project performance will be observed is a primary work of determine budget process. It is not a part of control cost.
Domain Name: 7. Cost
Reference: PMBOK5 Section 7.4 Page 215
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