Exam CAPM topic 1 question 243 discussion

C. Plan Cost Management, Estimate Costs, Determine Budget, Control Costs These are the core processes associated with Project Cost Management. Plan Cost Management involves defining how costs will be estimated, budgeted, monitored, and controlled. Estimate Costs involves developing an approximation of the monetary resources needed to complete project activities. Determine Budget aggregates the estimated costs of individual work packages and develops the overall project budget. Control Costs involves monitoring the project's spending, managing changes to the project budget, and generating forecasts of final project costs.

C. Plan Cost Management, Estimate Costs, Determine Budget, Control Costs The processes associated with Project Cost Management are: 1. Plan Cost Management: This process involves defining how the project's cost management activities will be planned, structured, and executed throughout the project. 2. Estimate Costs: This process is focused on developing an estimation of the costs associated with the project activities and resources required to complete the project work. 3. Determine Budget: This process involves aggregating the estimated costs to establish a cost baseline for the project, which is used as a reference for project cost control. 4. Control Costs: This process focuses on monitoring, tracking, and managing project costs to ensure that they are within the approved budget and that any necessary corrective actions are taken if there are variations from the budget.

C is correct