Question: On the following list, which tool or technique belongs to the process ‘7.1 Plan Cost Management’?

Project Management Terminology

Deliverable. Any unique and verifiable product, result, or capability to perform a service that is required to be produced to complete a process, phase, or project.

Perform Qualitative Risk Analysis. The process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristics.

Common Acronyms

SWOT (english) : Strengths, Weaknesses, Opportunities, and Threats

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Question to a Project Management Professional

Question Select the best option
In the following list, which tool or technique belongs to the process ‘7.1 Plan Cost Management’?
  1. Decision making.
  2. Data analysis.
  3. Schedule network analysis.
  4. Project management information system.
Answer & Explanation
Right answer
  1. Decision making.
  2. Data analysis.
  3. Schedule network analysis.
  4. Project management information system.

Explanation : The only tool or technique that belongs to the process ‘7.1 Plan Cost Management’ is data analysis.

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