A ____ is a time-phased budget that project managers use to measure and monitor cost performance.
A)budget baseline
B)ledger
C)cost baseline
D)cost line

Question

Quizplus · Accepted Answer

A cost baseline is a time-phased budget that is used by project managers to measure and monitor cost performance throughout the project. It allows for comparison of actual costs to the planned costs to determine if the project is on track financially. A budget baseline is a similar term, but does not specifically refer to the measurement of cost performance. A ledger is a record-keeping system used for financial transactions, and a cost line is not a commonly used term in project management.

A ____ Is a Time-Phased Budget That Project Managers Use