Project Management Terminology
Determine Budget. The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline.
Technique. A defined systematic procedure employed by a human resource to perform an activity to produce a product or result or deliver a service, and that may employ one or more tools.
Common Acronyms
ETC (english) : Estimate to Complete
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Question to a Project Management Professional
Question | Select the best option |
In the list below, ____________ is not an output of the process “Acquire Resources”. |
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Answer & Explanation
Right answer |
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Explanation : All these outputs belong to the process “Acquire Resources” except basis of estimates |