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The difference between the cost baseline and the cost budget can be BEST described as?
a) The management reserve
b) The contingency reserve
c) The project cost estimate
d) The cost accountThe correct answer is A.
Cost accounts are included in the project cost estimate, and the contingency reserve is added to that to come up with the cost baseline. Thereafter, the management reserve is added to come up with the cost budget.
Pass PMP in the First Attempt : PMP Strategy
Revise Cost Management Concepts: Project Cost Management
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