PMP (Project Management Professional) · Question
Which document provides a summary of estimated costs for individual work packages and control accounts?
The cost baseline is the approved version of the time-phased project budget, including management reserves, used to measure and monitor cost performance.
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Question: Which document provides a summary of estimated costs for individual work packages and control accounts?
Answer options: ✅ Cost baseline
- Cost management plan
- Project budget
- Funding limit reconciliation
Correct answer: Cost baseline
Explanation: The cost baseline is the approved version of the time-phased project budget, including management reserves, used to measure and monitor cost performance.
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Question explanations
- What is the primary output of the 'Direct and Manage Project Work' process?
- Which project management approach emphasizes frequent communication, self-organizing teams, and adapting to ch
- Which of the following is an output of the 'Develop Project Charter' process?
- Which type of risk response strategy involves shifting the impact of a threat along with ownership to a third
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