The approved time-phased project budget,excluding any management reserves,which can be changed only through formal change control procedures and is used as a basis of comparing actual results,is called a ____:
A) measurement baseline.
B) cost baseline.
C) cost benchmark
D) control account

Question

Quizplus · Accepted Answer

The cost baseline is the approved time-phased project budget that is used as a basis for comparing actual results. It does not include any management reserves and can only be changed through formal change control procedures. A measurement baseline includes specific performance measures, while a cost benchmark is a comparison of costs to industry or historical data. A control account is a management control point where scope, budget, and schedule are integrated and compared to earned value for performance measurement.

The Approved Time-Phased Project Budget,excluding Any Management Reserves,which Can Be