A Cost Baseline Is A(n)____ Budget That Project Managers Use

question 19

Multiple Choice

A cost baseline is a(n) ____ budget that project managers use to measure and monitor cost performance.

• A) incidental
• B) basic
• C) time-phased
• D) incremental

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Definitions:

Planning

Process of anticipating future events and conditions and determining courses of action for achieving organizational objectives.

Organizational Objectives

Specific, measurable goals set by a business or organization to guide its operations and strategic decisions.

Management

The process of planning, organizing, directing, and controlling the resources of an organization to achieve its goals efficiently and effectively.

Analyze

To examine something in detail in order to understand it better or discover more about it.