Which of the following is critical for the final step of creating your budget baseline?Multiple choice question.Define work (what).Identify a time-phased budget to complete a work package (cost).Identify a single person responsible for units of work (who).Identify time to complete a work package (how long).Identify monitoring points for measuring progress (how well).Identify resources needed to complete a work package (how much).

Baseline project budgets are derived from ____________.Multiple choice question.time-phasing the work packagesestimating activity durationsthe organization's overall budget

Multiple Choice QuestionThe first step in preparing a flexible budget is to:Multiple choice question.compute budgeted salesidentify activity levelsidentify costs and classify them as fixed or variablecompute budgeted variable and fixed costs

Fill in the blank: A project manager needs to alter their budget after making changes to the project schedule and costs. This is necessary in order to _____.1 pointre-baseline the budget to track project progress of costsre-baseline the budget to track project progress of tasksbaseline the budget to track project progress of reservesbaseline the budget to track project progress of costs

The cost baseline is developed during which process?Develop scheduleDetermine budgetEstimate costsMonitor & control project work

Multiple Choice QuestionIn project monitoring information systems, ___ determine(s) what data to collect.Multiple choice question.the baseline project budgetthe metrics used for project controlthe baseline project schedule