Certified Associate in Project Management (CAPM) — Question 364

During which process of Project Cost Management does a project manager produce the cost baseline?

Answer options

• A. Estimate Costs
• B. Control Schedule
• C. Determine Budget
• D. Develop Project Charter

Correct answer: C

Explanation

The correct answer is C, 'Determine Budget', as this process involves aggregating the estimated costs to establish an approved baseline for measuring project performance. Options A, B, and D are incorrect because they pertain to estimating costs, overseeing schedule management, and initiating the project, respectively, rather than establishing the cost baseline.