Scenario Continuation
You must now revise the Cost Baseline Diagram to capture the financial impact of the approved change. Whether the adjustment requires additional equipment, consulting services, or alternative solutions, these costs must be folded into the overall project budget and presented clearly to stakeholders.
Within the Control phase, keeping the cost baseline accurate and current is critical for measuring performance, managing variances, and maintaining financial accountability.
Objective
Update your original Cost Baseline Diagram to reflect the revised project budget. Your updated diagram should:
- Incorporate any additional costs from the approved change
- Maintain or revise original cost categories as needed
- Clearly show the variance from the original baseline