Question

Mary sets a target for the project budget during the planning phase. While executing the project, she checks to make sure she is within budget. Mary determines that she needs to refine the scope of the project and change her timeline and costs for the project activities. Mary is using which tool to manage the cost of this project?a. cost performance baseline

b. cost of quality
c. funding limit reconciliation
d. vendor bid analysis

Answer 1

d. vendor bid analysis

Step-by-step explanation:

Vendor bid analysis -

It is the type of method , which helps to find out the cost of a project by comparing the bids that are submitted by other suppliers , is referred to as vendor bid analysis.

This method require cots like , proposals , bids and quotes etc.

Hence , from the given scenario of the question,

The correct option from the question is ,

d. vendor bid analysis .