A project manager is receiving reports of the actual project expenditures and, based on this information, is making adjustments to the budget. In which of the following phases does this occur?

The correct answer is D. Execution. The execution phase is when the project manager and the team execute the project plan, deliver the project outputs, and monitor and control the project performance. This includes tracking and managing the project budget, scope, schedule, quality, and risks. Making adjustments…

Project Life Cycle Phases

Question

Options

APlanning
BClosure
CInitiation
DExecution

How the community answered

(51 responses)

A
14% (7)
B
4% (2)
C
10% (5)
D
73% (37)

Explanation

The execution phase is when the project manager and the team execute the project plan, deliver the project outputs, and monitor and control the project performance. This includes tracking and managing the project budget, scope, schedule, quality, and risks. Making adjustments to the budget based on the actual project expenditures is part of the monitoring and controlling process in the execution phase.

Topics

#Project Execution Phase#Budget Management#Cost Control#Monitoring and Controlling

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