What Characteristic Best Describes the Cost Baseline

A cost baseline is an approved time-phased budget that will be used to measure and monitor cost performance on the project. MCQ 21635-- What characteristic best describes the cost baseline.

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Total budget for the project.

. It includes a budget contingency to accommodate the risk of incurring unidentifiable but normally occurring costs within the defined scope and varies from project to project depending on each project s unique budget and schedule. Total budget for the project b. Total budget for the project including the contingency budget and the management reserve.

The best approach to crashing would also include looking at the. What characteristic best describes the cost baseline. A cost baseline is always created by translating time-phased cost information into cost data on activity or work-package level.

Total budget for the project b. Time-phased budget for the project c. Total budget for the project.

Total budget for the project including the contingency budget and the management reserve. Total budget for the project including the contingency budget and the management reserve. What characteristic best describes the cost baseline.

The confusion is understandable. A cost baseline starts with an initial estimated budget. Total budget for the project including the contingency budget.

Total budget for the project b. Total budget for the project including the contingency budget and the management reserve. In regards to money and remaining in business providing a budget that is adjusted to time is considered a cost baseline.

Total budget for the projectb. Time-phased budget for the project c. Which statement describes best the meaning of the term Cost baseline.

The project manager looks at the cost associated with crashing each activity. Total budget for the project including the contingency budget d. Total budget for the project including the contingency budget d.

While grade means inherent characteristics with the same. This is used as a example in which cost performance is. 89 What characteristic best describes the cost baseline.

Cost Baseline - Project Management Knowledge. What characteristic best describes the cost baseline. Total budget for t.

What characteristic best describes the cost baseline. The approved version of the time-phased project budget excluding any management reserves which can be changed only through formal change control procedures and is used as a basis for comparison to actual results. Cost Baseline Project Cost Estimates Contingency Reserves.

Ultimately project management includes a variety of responsibilities within ones team in order to achieve maximum results for their employer. Total budget for the project. Total budget for the project including the contingency budget and the management reserve.

The allowable deviations requested based on customer expectations. Hamad Civil Engineering Mcqs 19022020. Costs of the response solutions for known project risks.

What characteristic best describes the cost baseline. What characteristic best describes the cost baseline. A cost baseline is a time - phased budget that will monitor and measure cost performance throughout project life cycle.

Total budget for the project including the contingency budget d. Total budget for the project including the contingency budget and the management reserve. Your budget is the best estimate for what you expect the cost of the project to be.

What characteristic best describes the cost baseline 1 Total budget for the from QANT 0101 at New York Institute of Technology Westbury. Time phased budget for the project c. Total budget for the project including the contingency budget d.

The Right answer of this civil-engineering-mcqs Mcq Question is. Time phased budget for the project. A Total budget for the project including the contingency budget b Total budget for the project including the contingency budget and the management reserve c Total budget for the project d Time phased budget for the project.

Total budget for the project. Total budget for the project including the contingency budget. Time phased budget for the project.

Once this detailed budget is approved by management it is called the cost baseline. The Cost Baseline includes all the project activitiesresources costs and the money set aside to respond to risks identified ie. Total budget for the project including the contingency budget.

Time phased budget for the projectc. What characteristic best describes the cost baseline. What characteristic best describes the cost baseline.

The cost baseline is also used as a metric to measure cost performance. The cost baseline is an important facet of calculating the Cost Index according to the Project Management Institute which is measured by the actual costs divided by the cost estimate. Total budget for the project b.

Total budget for the project including the contingency budget and the management reserve. PMBOK 5 Page 534 Definition of Cost Baseline. Total budget for the project including the contingency budget and the management reserve.

Total budget for the project including the contingency budget. Total budget for the project. Time phased budget for the project.

Time phased budget for the project. Time-phased budget for the project c. A cost baseline is used to measure the budget.

Solved Expert Answer to What characteristic best describes the cost baselinea. Known unknowns over time and it is usually represented as an S-curve. This is a measure.

Time phased budget for the project. Therefore you can call the cost baseline the budget baseline because its a ruler you use to measure cost performance.

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