Which aspect of GFEBS helps in effective project cost management?

The aspect of GFEBS that aids in effective project cost management is budget planning and expenditure tracking. This component is crucial for any project, as it ensures that financial resources are allocated efficiently and that spending aligns with the project's budgetary constraints.

In GFEBS, budget planning involves establishing financial projections for project costs, which provides a framework for determining how much money will be needed for various activities. Expenditure tracking, on the other hand, allows project managers to monitor actual spending in real-time against the budgeted amounts. This ongoing oversight helps identify any variances early, enabling timely interventions to keep the project financially on track. By utilizing these elements, project managers can maintain control over costs and ensure that funds are utilized effectively, leading to the overall success of the project.

The other options, while important in their respective contexts, do not directly contribute to cost management in the same way. Documenting employee performance reviews primarily focuses on human resource management rather than financial oversight. Creating project promotional materials is related to marketing and stakeholder engagement, rather than the careful tracking and management of costs. Conducting market research for project feasibility provides insights into the viability of a project but does not address the ongoing financial management needed during project execution.