Question: A PM has completed the cost baseline for a project which totals $ 7 5 , 0 0 0 . An additional work package is

A PM has completed the cost baseline for a project which totals $75,000. An additionalwork package is being added to the project and the cost estimate totals $5000. However, the PM has deemed it tohave several known risks and would like to adjust the budget accordingly.Common practice for the organizationis to use a 10% contingency reserve and 5% management reserve. What is the total project budget?

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