Question: You have been given a task to estimate a budget for your project. You are using a bottom up cost estimation technique to calculate the

You have been given a task to estimate a budget for your project. You are using a bottom up cost estimation technique to calculate the cost of each activity. Management told you that the management reserve will be 6% of the cost baseline. Which of the following represents the budgeted cost of the project?

(a) Cost Baseline + Management Reserve

(b) Cost Baseline + Contingency Reserve

(c) Contingency Reserve + Management Reserve

(d) None of the above

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