Project Cost Management: Process & Importance


Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is geo-redundancy?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Name 4 important features of cost management software.

2. What is a communication strategy?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

These quiz questions will ask you about the definitions of terms and the details of the project cost management process. You will have to show that you understand terms like geo-redundancy and cost management.

Quiz & Worksheet Goals

These assessment tools are devised to look at your knowledge of:

  • Geo-redundancy
  • Features of cost management software
  • A communication strategy related to the cost management process
  • The meaning of cost management
  • Project estimating

Skills Practiced

You will practice skills like:

  • Interpreting information - verify that you can review cost information and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the process of managing the costs of a project
  • Knowledge application - use your knowledge to identify the key to cost management

Additional Learning

Learn more about this topic by reviewing the lesson called Project Cost Management: Process & Importance. This lesson talks about:

  • How to ensure you don't spend money you don't have on a project
  • Managing your project
  • Controls and monitoring for the duration of the project