GAQM Exam APM-001 Topic 6 Question 58 Discussion

Actual exam question for GAQM's APM-001 exam

Question #: 58
Topic #: 6

[All APM-001 Questions]

Funding limit reconciliation is a tool and technique used in which process?

AControl Costs

BDetermine Budget

CEstimate Costs

DControl Budget

Show Suggested Answer

Suggested Answer: B

by Huey at Aug 23, 2024, 12:05 PM

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Chaya

8 months ago

I agree with James, I also think it's B) Determine Budget because it helps in ensuring the budget is aligned with the funding limits.

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James

8 months ago

But funding limit reconciliation is more about determining the budget accurately, so I still think it's B.

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Leontine

8 months ago

Funding limit reconciliation? Sounds like something accountants do to avoid going over their 'fun'ding limits. Ha!

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Carolynn

8 months ago

D) Control Budget, for sure. Funding limit reconciliation is all about keeping the budget in check. Easy peasy!

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Truman

8 months ago

B) Determine Budget

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Luisa

8 months ago

A) Control Budget

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Maurine

9 months ago

Hmm, I'm not sure. D) Control Budget sounds right, but C) Estimate Costs also seems plausible. This is a tricky one.

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Omega

8 months ago

I agree, but C) Estimate Costs could also be a possibility.

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Mammie

8 months ago

I think D) Control Budget is the correct answer.

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Thaddeus

9 months ago

A) Control Costs seems more logical to me. Funding limits are all about managing costs, not the overall budget.

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Serina

8 months ago

C) Estimate Costs is not the correct option. It's about predicting costs, not managing within a limit.

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Buddy

8 months ago

B) Determine Budget is not the right choice. It's more about setting the initial budget.

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Valda

8 months ago

A) Control Costs is the correct answer. It focuses on managing costs within the funding limit.

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Joye

9 months ago

I disagree, I believe it's D) Control Budget.

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James

9 months ago

I think it's B) Determine Budget.

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Rosalind

9 months ago

I think it's D) Control Budget. Funding limit reconciliation helps manage the project budget, so that's the obvious choice.

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Deeann

9 months ago

I think you're right. A) Control Costs makes more sense now that you mention it.

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Man

9 months ago

Hmm, I see your point. But I think it's A) Control Costs. That's where you monitor and control project costs to stay within budget.

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Dolores

9 months ago

Actually, I believe it's B) Determine Budget. That's where you establish the project budget based on funding limits.

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Ronny

9 months ago

I think it's D) Control Budget. Funding limit reconciliation helps manage the project budget, so that's the obvious choice.

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