Project Management Professional (PMP) Exam Practice – Question1422

On your project, you need to assign costs to the time period in which they are incurred. To do this, you should______________


A. Identify the project components so that costs can be allocated
B. Use the project schedule as an input to determine budget
C. Prepare a detailed and accurate cost estimate
D. Prepare a cost performance plan

Correct Answer: B

Explanation:

Explanation:
Accurate project performance measurement depends on accurate cost and schedule information. The project schedule includes planned start and finish dates for all activities tied to work packages and control accounts. This information is used to aggregate costs
to the calendar period for which the costs are planned to be incurred.