The difference between cost baseline and cost budget
Patricia is the project manager and she is working on the project cost management processes. She is involved in costs estimate process in project cost management. She is working on the cost baseline as well as the cost budget. The difference between cost baseline and cost budget is?
A. Contingency reserve.
B. Management reserve.
C. Project reserve.
D. Project budget.
Answer: Option B is correct.
The difference between cost baseline and cost budget is management reserve. Cost budget = cost baseline + management reserve.