Which project documents can determine the budget?

The correct answer is B. Basis of estimates, cost estimates, project schedule, and risk register. The Determine Budget process in Project Cost Management uses several key inputs to establish the authorized cost baseline. Basis of estimates explains the assumptions behind cost figures, cost estimates provide the calculated costs per activity or work package, the project…

Predictive, Plan-Based Methodologies

Question

Which project documents can determine the budget?

Options

AProcurement documents, contracts, requirements documentation, and basis of estimates
BBasis of estimates, cost estimates, project schedule, and risk register
CBusiness case, project charter, statement of work, and cost estimates
DScope baseline, resource management plan, activity list, and assumption log

How the community answered

(27 responses)

A
7% (2)
B
89% (24)
D
4% (1)

Explanation

The Determine Budget process in Project Cost Management uses several key inputs to establish the authorized cost baseline. Basis of estimates explains the assumptions behind cost figures, cost estimates provide the calculated costs per activity or work package, the project schedule links costs to time (enabling time-phased budgeting), and the risk register informs contingency reserves for identified risks. The other answer choices mix documents from different knowledge areas or project phases that are not direct inputs to budget determination.

Topics

#Cost Management#Budgeting#Project Documents#Determine Budget Process

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