GSLC · Question #199
Rick is a project manager of a construction project. He is aggregating the estimated costs of individual activities or work packages to establish a cost baseline. In which of the following Project…
The correct answer is A. Project Cost Management. Aggregating activity cost estimates to produce a cost baseline is the Determine Budget process, which is part of Project Cost Management in the PMBOK framework.
Question
Rick is a project manager of a construction project. He is aggregating the estimated costs of individual activities or work packages to establish a cost baseline. In which of the following Project Management Knowledge Areas is he working on?
Options
- AProject Cost Management
- BProject Integration Management
- CProject Time Management
- DProject Scope Management
- EProject Quality Management
How the community answered
(60 responses)- A90% (54)
- B2% (1)
- D3% (2)
- E5% (3)
Why each option
Aggregating activity cost estimates to produce a cost baseline is the Determine Budget process, which is part of Project Cost Management in the PMBOK framework.
Project Cost Management encompasses estimating, budgeting, and controlling costs. The Determine Budget process specifically aggregates estimated costs of individual activities or work packages into an authorized cost baseline that is used to measure and monitor project financial performance.
Project Integration Management coordinates and unifies all project management processes and deliverables but does not produce cost estimates or establish a cost baseline.
Project Time Management focuses on defining, sequencing, and controlling the project schedule - not on aggregating financial costs or producing a cost baseline.
Project Scope Management defines and controls what work is included in the project; it does not involve estimating or aggregating costs.
Project Quality Management plans and controls quality standards to meet requirements and has no role in cost aggregation or cost baseline development.
Concept tested: PMBOK Determine Budget process in Project Cost Management
Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok
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