CAPM (Certified Associate in Project Management) Practice Exam 2025 - Free CAPM Practice Questions and Study Guide

Question: 1 / 885

What does the control costs process involve?

Allocating budgets

Monitoring project status against the budget and cost baseline

The control costs process in project management involves monitoring the project status against the budget and cost baseline. This means comparing the actual project costs to the planned budget and cost baseline to ensure the project stays on track financially. By closely monitoring project costs, project managers can identify variances, make necessary adjustments, and take proactive measures to keep the project within budget. This process helps in identifying deviations from the budgeted costs and enables project teams to implement corrective actions when needed. Option B is the correct answer as it effectively describes the key aspects of the control costs process.

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Increasing project costs

Reducing project costs

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