The BEST way to ensure that a project is on budget is to

The BEST way to ensure that a project is on budget is to
A . calculate the number of calendars days remaining to completion.
B . visit the job site and determine the percentage of work completed.
C . ask the installation team to estimate remaining work to completion.
D . review accrued labor and material costs against remaining work.

View Answer

Answer: D

Explanation:

The best way to ensure a project is on budget is by continuously reviewing accrued labor and material costs against the remaining work. This approach provides a clear understanding of the financial status of the project and helps in making informed decisions to stay within budget. By tracking these costs and comparing them to the project plan, it is possible to identify any discrepancies early and take corrective actions as needed.

Reference: Axis Communications – Project Management Best Practices Project Management Institute (PMI) Standards