Project cost control deals with:

Question

Exhibit

Options

• Acontrolling residual expenses and management reserves.
• Bensuring the project is within budget, time, and quality standards.
• Cproject team size, location, and monetary value of the project.
• Drequirements of a project, project schedule, and cost.

• A
  4% (2)
• B
  94% (44)
• D
  2% (1)

Explanation

Project cost control is the process of monitoring project expenditures and performance against the cost baseline, and managing changes to keep the project within approved budget. However, cost does not exist in isolation-it is one vertex of the triple constraint (scope, time, cost/quality). Effective cost control requires balancing all three, ensuring the project delivers within budget while still meeting schedule and quality requirements. Option A (managing residual expenses and management reserves) is too narrow and mischaracterizes cost control scope. Option C (team size, location, and monetary value) describes project inputs, not cost control activities. Option D (requirements, schedule, and cost) lists components but doesn't define what cost control actually does. Option B best captures the integrated nature of project cost control.

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