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{"id":268828,"date":"2022-09-17T00:36:03","date_gmt":"2022-09-17T00:36:03","guid":{"rendered":"https:\/\/qualityassignments.net\/?p=268828"},"modified":"2022-09-17T00:36:03","modified_gmt":"2022-09-17T00:36:03","slug":"project-time-cost-and-procurement-management","status":"publish","type":"post","link":"https:\/\/qualityassignments.net\/2022\/09\/17\/project-time-cost-and-procurement-management\/","title":{"rendered":"Project Time, Cost, and Procurement Management"},"content":{"rendered":"
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Minimum 500-600 word paper covering all the questions in APA format<\/p>\n

According to A Guide to the Project Management Body of Knowledge (PMBOK\u00ae Guide)<\/em>, Fifth Edition, a schedule baseline<\/em> is \u201cthe approved version of a schedule model that can be changed only through formal change control procedures and is used as a basis for comparison to actual results\u201d (2013). The output of this effort is your project schedule<\/em> which, according to the PMBOK\u00ae Guide, is \u201can output of a schedule model that presents linked activities with planned \u2013 dates, durations, milestones, and resources\u201d (2013). The project schedule should include start and finish dates for all activities. Remember, if an activity is not in the schedule, it will not be done. Establishing the schedule will allow you to estimate activity cost, and thus help you develop a budget. Therefore, a schedule helps you establish a time and a cost baseline for your project.<\/p>\n

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