What is the difference between cost estimating and determining the budget?

A

The project manager is only responsible for estimating, not budgeting.

B

Budgeting does not reflect historical models, but estimating does.

C

Estimating approximates expected costs while budgeting focuses on the timing of expenditures.

D

Estimating includes all phases of a project, whereas budgeting concerns only the execution of project work.

What is the difference between cost estimating and determining the budget?

A

The project manager is only responsible for estimating, not budgeting.

B

Budgeting does not reflect historical models, but estimating does.

C

Estimating approximates expected costs while budgeting focuses on the timing of expenditures.

D

Estimating includes all phases of a project, whereas budgeting concerns only the execution of project work.