Certified Associate in Project Management (CAPM) — Question 482

Which of the following are processes associated with Project Cost Management?

Answer options

• A. Develop Costs, Estimate Costs, Determine Budget, Control Costs
• B. Develop Budget, Determine Budget, Determine Risks, Control Costs
• C. Plan Cost Management, Estimate Costs, Determine Budget, Control Costs
• D. Plan Budget Management, Determine Budget, Create Cost Accounts, Control Costs

Correct answer: C

Explanation

The correct answer is C because it accurately lists the processes involved in Project Cost Management as per the PMBOK Guide, which includes Plan Cost Management, Estimate Costs, Determine Budget, and Control Costs. The other options either include incorrect processes or mislabel the correct ones, such as listing Determine Risks in option B, which is not part of Cost Management.