What tools or techniques can be used in all cost management processes?

The correct answer is A. Decision making and expert judgment. According to the PMBOK Guide, expert judgment and decision making are tools and techniques that appear across all four cost management processes: Plan Cost Management, Estimate Costs, Determine Budget, and Control Costs. Expert judgment leverages specialized knowledge to inform…

Predictive, Plan-Based Methodologies

Question

What tools or techniques can be used in all cost management processes?

Options

ADecision making and expert judgment
BExpert judgment and data analysis
CData analysis and meetings
DMeetings and cost aggregation

How the community answered

(21 responses)

A
86% (18)
C
5% (1)
D
10% (2)

Explanation

According to the PMBOK Guide, expert judgment and decision making are tools and techniques that appear across all four cost management processes: Plan Cost Management, Estimate Costs, Determine Budget, and Control Costs. Expert judgment leverages specialized knowledge to inform cost decisions at every stage, while decision making helps teams evaluate options consistently. Data analysis and meetings each appear in some but not all cost management processes (e.g., data analysis is absent from Plan Cost Management), and cost aggregation is only an output-level technique used in Determine Budget.

Topics

#Cost Management Processes#Project Management Tools#Expert Judgment#Decision Making

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