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The project manager is in the middle of preparing the cost management plan for his project. Which statement is FALSE about the cost management plan?
Units of measurement such as hours, days, weeks or a lump sum amount will be used to estimate resources.
The WBS provides a framework for the cost management plan and a control account (CA) in the WBS is used to monitor and control the project cost.
The primary concern is to determine the amount of resources to complete the project activities.
Activity cost estimates will be rounded to a prescribed precision (as $100, $1,000...).