Thursday, February 21, 2008

What is Cost Baseline?

A cost baseline
  • is a time-phased budget that will monitor and measure cost performance throughout project life cycle.
  • includes a budget contingency to accommodate the risk of incurring unidentifiable but normally occurring costs witin the defined scope.
  • varies from project to project, depending on each project's unique budget and schedule.

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Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)