QUESTION 1 3.8 points Save Ans The cost management plan has all of the following characteristics EXCEPT: It may specify variance thresholds for monitoring cost performance to indicate an agreed-upon amount of variation to be allowed before some action needs to be taken. It describes how the project costs will be planned, structured, and controlled. It is based on project cost estimates and is separate from the project management plan. It may specify the level of precision, which is the degree to which activity cost estimates will be rounded up or down. Save QUESTION 2 3.8 points The cost performance baseline has all of the following characteristics EXCEPT: It is developed as a summation of the approved budgets for the different schedule activities. It is typically displayed in the form of an S-curve. It is the approved version of the time-phased project budget, excluding any management reserves, and is used as a basis for comparison with actual results. It shows the actual cost expenditures throughout the project life cycle