Project Management

Please login or join to subscribe to this thread

Periodic expenditure of funds

linkedin twitter facebook   Product Management  

Large variations in the periodic expenditure of funds are undesirable for organizational operations. Therefore the expenditure of funds is frequently reconciled with the disbursement of funds for the project. According to the PMBOK, this is known as:

A. Disbursement reconciliation

B. Expenditure Reconciliation

C. Budget Reconciliation

D. Funding Limit Reconciliation

What could be the answer and please provide the explanation?

avatar
Lissette Indhira Pimentel Sosa
Community Champion
Program Manager| HARPER SRL Santo Domingo / Distrito Nacional, Dominican Republic
D. Funding Limit Reconciliation

Funding Limit Reconciliation ensures that planned project spending matches the funding available from the organization. If planned costs exceed the available funds at any point, the schedule or cost baseline may need to be adjusted.

If the question mentions reconciling expenditures with the disbursement or availability of funds, the answer is Funding Limit Reconciliation.

Please login or join to reply

Content ID:
ADVERTISEMENTS

"If nominated I will not run, if elected I will not serve"

- General William T. Sherman

ADVERTISEMENT

Sponsors