Cost to buget Relationship hierarchy

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bhuvanpanwar1983
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Cost to buget Relationship hierarchy

Postby bhuvanpanwar1983 Thu Aug 27, 2015 4:02 pm

Question - What is true about relationship hierarchy while creating budget for your project

Option a) Cost Baselines -->Management reserves -->Activity estimate-->Work package estimatesà

Option b ) Cost Budget-->Cost baseline -->Work package estimates-->Contingency reserves

Option c) Cost Baselines--> Management reserves--> Activity estimates--> Work package estimates-->

Option d) Cost Budget--> Cost baseline--> Work package estimates-->Contingency reserves

Option e) Cost Budget--> Management reserves--> Cost baseline--> Contingency reserves

Option f) Cost baseline--> Cost budget--> Contingency reserve--> Activity estimates

which option is correct - and can somone explain it in detail a bit...
AM1969
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Re: Cost to buget Relationship hierarchy

Postby AM1969 Fri Aug 28, 2015 2:10 am

option B and D are the same. Please check if there is a mistake in posting.
you can find the relation in both pmbok and Rita Mulchahy.A very good schematic diagram is given.
coolpmp69
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Re: Cost to buget Relationship hierarchy

Postby coolpmp69 Fri Aug 28, 2015 1:24 pm

check the question and post it again.

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