22) Which pair of statements is BEST?
A) Cost-plus contracts are prone to budget overruns while turnkey contracts are typically underbid by the contractor.
B) Cost-plus contracts are prone to a budget surplus while turnkey contracts are typically underbid by the contractor.
C) Cost-plus contracts are prone to a budget surplus while turnkey contracts are typically overbid by the contractor.
D) Cost-plus contracts are prone to budget overruns while turnkey contracts are typically overbid by the contractor.
What is scope baseline in project management?
The scope baseline acts as a written agreement of the expectations and requirements of the project stakeholders. It is referenced throughout the project to monitor progress and measure actual vs. planned results. The scope baseline can only be modified through a formal change control process.
What are the 4 components of a scope baseline?
The scope baseline of a project consists of:.
the approved project statement,.
the work breakdown structure (WBS), incl. control accounts, planning packages, and work packages, and..
the associated WBS dictionary..
What is scope what processes are involved in project scope management?
Project scope is a part of the project planning process that documents specific goals, deliverables, features, and budgets. The scope document details the list of activities for the successful completion of the project. The scope is defined by understanding the project requirements and the client's expectations.
What are the three components of the scope baseline?
The scope baseline is not one document; it is a collection of three documents: Scope Statement, Work Breakdown Structure, and the WBS Dictionary. The scope baseline is a controlled document, and the project's status and progress are measured against this blueprint.