The Cost Control process in Project Cost Management includes all of the following, EXCEPT:
A. Informing stakeholders of authorized changes B. Monitoring cost performance to detect variances C. Ensuring that cost changes are recorded appropriately D. Establishing a cost baseline for tracking project performance
Establishing a cost baseline for tracking project performance-the cost control process does not involve establishing a cost baseline for tracking
project performance. this is part of the cost budgeting process, which precedes
the cost control process. the cost baseline is a time-phased budget used for
measuring and monitoring cost performance on the project. it is an output of the
cost budgeting process and an input to the cost control process.
all of the other options are incorrect because they are included in the cost
control process. cost control refers to the process of gathering, analyzing,
reporting, and monitoring project costs on an ongoing basis. cost control includes
influencing the factors that change the cost baseline, determining that the cost
baseline has changed, and managing these changes as they occur during the
project. cost control also includes informing the project stakeholders, especially
the upper management, of authorized changes.