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TOPIC: Question ID 612692

Question ID 612692 7 months 3 weeks ago #16380

  • Daniel Kokkos
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I need some clarification on this. I was almost positive that the answer was cost estimating and budgeting.

The question statesThe project team is in the process of defining how the project cost will be estimated, budgeted, managed, monitored and controlled. The team members feel they don't have enough knowledge to complete this process and decide to hire an expert to assist them with the task.

The question states that they are in the process of defining how the project costs will be estimated

Please explain.

Question ID 612692 7 months 3 weeks ago #16384

  • Cornelius Fichtner
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Daniel,

If you have any concerns about questions in The PM Exam Simulator then please use "Live Feedback", as we do not discuss our questions here in the forum:
- Go back to the exam in which you had this question
- Open the detailed explanation view for the question
- Click on the "Live Feedback" button that you see at the bottom left
- Copy/paste the text from your post here into the text box.
- Send it off

This will create a ticket in our helpdesk and our PMP certified team members will respond to your inquiry. Usually, they reply within 24 hours , after they research your concern.

Thank you!
Until Next Time,
Cornelius Fichtner, PMP, CSM
President, OSP International LLC
The following user(s) said Thank You: Daniel Kokkos
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