PMP Exam Set A – Q48

Project costs are estimated for all project activities and aggregated to establish a cost baseline. Which of the following statements about the cost baseline is NOT true?

A. The project cost performance is measured against the cost baseline
B. The cost baseline is an output of the determine budget process
C. The cost baseline includes all authorized budgets including management reserves
D. The cost baseline is in the form of an ‘S’ curve

C. The cost baseline includes all authorized budgets including management reserves