You have been working as a project manager for six years but have never really had to manage a project budget before. This is changing now that money has become tighter. Based on your experience and your outside reading, which of the following statements is false?

a. a majority of the project’s budget will be spent during the executing process group

b. cost and price always mean the same thing

c. cost estimates should be developed before cost budgets

d. the ability to influence costs is highest early in the project