6B - Estimate the Cost Baseline

Question 1

A time-phased budget that will monitor and measure cost performance throughout the project life cycle.

Answer 1

cost baseline

Question 2

A technique that is used to calculate the cost of a whole component by finding the aggregate of the cost of the constituent parts of the whole component.

Answer 2

cost aggregation

Question 3

Additional funds that are sometimes built into cost estimates to allow for unanticipated events, or known unknowns.

Answer 3

contingency allowances