Hello everyone! Here is this week's free PMP exam sample question from the PM Exam Simulator.

You are performing Earned Value Management on your project. The Cost Baseline in Earned Value Management is also a part of:

A. Cost Estimating Baseline
B. Performance Baseline
C. Cost Measurement Baseline
D. Budget Baseline

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HINT: The keyword to look here is 'performance'.

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Answer and Explanation:
The correct answer is B.

A Cost Baseline is a part of the Performance Baseline. The Performance Baseline is an approved plan for the project work to which the project execution is compared, and deviations are measured for management control. The Performance Baseline typically integrates the scope, schedule and cost parameters of a project.