CLEP Management

Answer: B - False. A Gantt chart does not contain cost information about a project, but instead is used for planning tasks and assigning responsibility for each task.

Key Takeaway: When evaluating a project’s cost, a budgeting tool should be used. The Gantt chart is a useful tool for project managers, but does not contain cost information. Instead, the Gantt chart is used for showing individual tasks and linking them to deadlines and assigning responsibility for those tasks. A Gantt chart can also be used to track task progress as the project proceeds forward.