Final answer:
A lower cost of capital is an advantage of good project management because it enhances efficiency, reliability, and the ability to complete projects within budget, attracting financial capital more easily at potentially lower costs.
Step-by-step explanation:
Yes, a lower cost of capital is certainly an advantage of using good project management. Effective project management practices can lead to a more streamlined, organized, and efficient operation, which not only helps to ensure projects are completed on time and within budget but also builds a reputation for reliability and profitability. This in turn can attract outside investors who are more likely to invest in a company with a strong project management background without requiring personal knowledge of the management, as information about the company's performance is more widely available and speaks for itself. Thus, with a solid project management approach, firms can attract financial capital more easily and potentially at a lower cost, as investors have more confidence in the firm's ability to execute projects successfully and generate profits.