Which aspects of a project may be finalized once resources are applied to a project plan?Multiple select question.The project baseline budgetA baseline project scheduleThe communication planThe risk management plan
Question
Which aspects of a project may be finalized once resources are applied to a project plan?Multiple select question.The project baseline budgetA baseline project scheduleThe communication planThe risk management plan
Solution
Once resources are applied to a project plan, the following aspects of a project may be finalized:
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The project baseline budget: The baseline budget is the approved version of the time-phased project budget. Once resources are allocated, the budget can be finalized as it will include all the costs associated with those resources.
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A baseline project schedule: The project schedule outlines the timeline, deadlines, and progression of the project. Once resources are assigned, the schedule can be finalized because the availability of resources can significantly impact the timeline of the project.
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The communication plan: This plan outlines how project communications will be handled. Once resources are assigned, the communication plan can be finalized as it will include who should be contacted for what information, and who should receive project updates.
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The risk management plan: This plan identifies potential risks in the project and how those risks will be managed. Once resources are allocated, the risk management plan can be finalized because the resources available can impact the project's risks and how they are managed.
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