Baseline project budgets are derived from
A)The organization's overall budget.
B)Time-phasing the work packages.
C)Top management directions.
D)The total direct, direct project overhead and G&A overhead costs.
E)The earned value system.

Question

Quizplus · Accepted Answer

The earned value system starts with the time-phased costs that provide the project budget baseline, which is called the planned budgeted value of the work scheduled (PV).Given this time-phased baseline, comparisons are made with actual and planned schedule and costs using earned value.The earned value approach provides the missing links not found in conventional cost-budget systems.

Baseline Project Budgets Are Derived from