Question

The project cost management knowledge area maps to the ____ process group through the activities of estimating costs and budget determination. initiating planning executing monitoring and controlling

Answer 1

Answer: planning

Explanation:

The project costs management is a process that utilizes the technology to measure the cost and productivity of the life cycle of the entire business project. It includes the planning of the specific functions of the project management that includes the estimation, field data collection, job control, scheduling of the meetings, accounting and design.

According to the given situation a planning is required for estimating the budget as well as costs determination for the purpose of designing.