Question

involves allocating the overall cost estimate to individual work items to establish a baseline for measuring performance. a. Controlling costs b. Determining the budget c. Estimating costs d. Finalising policies for project costs

Answer 1

Answer:

The correct answer is (B)

Explanation:

Determining the budget is important before starting a project. In planning a feasibility analysis,  the most important factor is to carefully design the budget as it is a critical part of the planning and implementing a project. The budget helps to overcome all the problems related to the overall cost estimation of the project and it also helps to measure the overall performance of a project.