Which of the following is NOT a part of the execution process according to GFEBS?

The correct answer is that the review of cost management strategies is not part of the execution process according to GFEBS. The execution process is primarily focused on the day-to-day operations and activities that occur during project implementation. This includes the collection of actual costs, which involves tracking and recording real-time expenses incurred during the execution phase. Manual posting of costs refers to the activity of entering cost data into the system, which is also a fundamental part of managing project finances.

Invoicing of goods and services completes the cycle of transactions where costs incurred need to be documented and billed to ensure accurate financial management.

On the other hand, reviewing cost management strategies falls into a planning and strategic evaluation phase rather than the execution phase. This activity typically occurs before or after execution, as it involves assessing the effectiveness of the cost management approach rather than actively managing costs during project execution.