Large fluctuations in the periodic expenditure of funds are - PMP Prep
Question
Large fluctuations in the periodic expenditure of funds are undesirable for organizational operations. Therefore, the expenditure of funds is frequently reconciled with the disbursement of funds for the project. This is known as:
Answers
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Explanation
The correct answer is C
The correct answer to the query regarding the reconciliation of funds in project management is Funding Limit Reconciliation.
Funding limit reconciliation is a process that ensures that the expenditures of funds align with the approved budget limits over a specified time frame. It involves comparing actual expenditures against the budgeted amounts to avoid large fluctuations, which can disrupt organizational operations.
This process is essential for maintaining financial control and ensuring that funds are disbursed in accordance with project timelines and financial constraints.
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