PgMP Program Management

Answer - C - Performing the Cost Estimating and Budgeting process will determine the program budget.

Key Takeaway: The program budget is an output of the Cost Estimating and Budgeting process. Several different techniques can be used to estimate and then determine a program budget, including: Analogous estimation, bottom-up estimation, cost aggregation, funding-limit reconciliation, parametric estimation, quantitative estimation, and reserve analysis. Note that some techniques are used for estimating and some are used for actual budgeting. All techniques help, however, in the overall Cost Estimating and Budgeting process.