_________ involves estimating and allocating financial resources required for project activities.
- Cost Management
- Human Resource Management
- Quality Management
- Time Management
Cost management is the process of estimating, budgeting, and controlling costs throughout the project lifecycle. It involves determining the financial resources required for project activities, allocating funds appropriately, and monitoring expenses to ensure they stay within budget. Effective cost management is essential for project success and achieving objectives within the defined constraints.
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