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:

Causal Relationship

A connection between two events where one directly results in the occurrence of the other, often determined through correlation and experimentation.

Statistically Significant

A term used to describe a result that is not likely to occur randomly, but rather is likely to be attributable to a specific cause.

Statistically Accurate

Describes data or results that are precise and reliable according to statistical analysis and principles.

Statistically Insignificant

A term used to describe results that lack enough statistical evidence to conclude that a certain effect or difference is present.