Kerisha Green
Project Management (M230-44)
Professor Martin
October 17, 2016
Questions
1. Describe why it is necessary to develop a baseline budget for a project.
Answer: It is necessary to develop a baseline budget for a project because it includes the
description of all expected costs of the project. Otherwise, spending will get out of
control and there will be no goals to shoot for.
2. List and describe items that should be included when estimating activity costs.
The estimated activity costs that should be included are:
Labor costs– These are the estimated costs for the various types of classifications
of people who are expected to work on the project. The labor costs are based on
estimated work time, which may not be the same as the activity estimated
