AACE EVP Practice Questions - AACE Earned Value Professional Exam

The Performance Measurement Baseline (PMB) is BEST defined as:

The contract value The time-phased budget for all authorized work plus contingency for known-unknowns, excluding management reserve and undistributed budget that hasn't been allocated to control accounts Actual cost incurred The forecast EAC

Correct Answer:

The time-phased budget for all authorized work plus contingency for known-unknowns, excluding management reserve and undistributed budget that hasn't been allocated to control accounts

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