Cost Controls Practice Test

What is the purpose of statusing in project management?

To document team assignments. To compare actual progress and cost to the baseline. To estimate the project duration. To approve changes to scope.

Correct Answer:

To compare actual progress and cost to the baseline.

Explanation:

Tracking project health by comparing what happened with what was planned is what statusing is all about. After you set a baseline for scope, schedule, and cost, statusing captures current progress and expenditure and compares them to that baseline. This reveals variances in time and money, helps you forecast whether the project will finish on time and within budget, and signals when corrective actions are needed. It also supports clear communication with stakeholders about how the project is actually performing. Documenting team assignments fits more with resource management and staffing. Estimating project duration is a planning activity. Approving changes to scope belongs to change control.

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