PM: Budgeted Costs
You'll learn about budgeted costs as part of project management.
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Topics of this game:
- Allocating total project costs to the appropriate work packages sets a _______ for each work package.
- There are how many approaches for establishing the total budgeted cost (TBC) for each work package?
- The initial estimated cost is often less than the sponsor's budget.
- Once each work package's total budgeted cost has been established, you can distribute each TBC over the duration of the work package.
- The _________ is the budget set to accomplish the work scheduled to be performed up to that point in time.
- The cumulative budgeted cost (CBC) provides a baseline against which ________ cost and work performance can be compared at any time during the project.
- It's important to use the ______ as the standard against which actual cost is compared.
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