9. Which of the following is included in the total project budget but is not included in the cost performance baseline? A. Control accounts B. Work package estimates C. Contingency reserves D. Management reserves
Question
- Which of the following is included in the total project budget but is not included in the cost performance baseline? A. Control accounts B. Work package estimates C. Contingency reserves D. Management reserves
Solution
The correct answer is D. Management reserves.
Here's why:
A. Control accounts - These are included in both the total project budget and the cost performance baseline. They are specific amounts set aside for specific tasks or activities in the project.
B. Work package estimates - These are also included in both the total project budget and the cost performance baseline. They are the estimated costs for each work package or task in the project.
C. Contingency reserves - These are included in both the total project budget and the cost performance baseline. They are funds set aside to cover unexpected costs or overruns.
D. Management reserves - These are included in the total project budget but not in the cost performance baseline. Management reserves are funds set aside for unforeseen work that is within scope of the project. The management reserves are not included in the cost performance baseline because they are not allocated to specific work and only used upon management discretion.
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