PMP Exam Simulator

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info iconPMP exam lasts 4h and has 200 questions
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lock iconCost Management

You have been successfully managing a project, but lately you started to receive multiple emails from stakeholders. One of them is worried whether there is enough money to cover the cost of risk responses. Two other stakeholders sent emails with similar questions: they want to know how the cost forecasts will be calculated on the project. You decided to prepare reports to clarify some of the aspects of the project. You are referencing the stakeholders and communications management plans to choose the best way to communicate with the stakeholders. You want to explain that the difference between the cost baseline and the cost budget is best described as: