In the figure below, the project manager released $10 million to the functional areas to do the job. This was the released budget but the project manager also had, as part of the contract, $6 million for an undistributed budget that had not been planned out yet. The contract also has a $2 million profit included as well as a management reserve of $1 million. Using the figure, answer the following questions:

a. The dollar value of the cost baseline is:

b. The contracted cost is:

c. The contract price is:

Transcribed Image Text:

CUMULATIVE COST, $- CONTRACT PRICE CONTRACT COST. PROFIT MANAGEMENT RESERVE UNDISTRIBUTED BUDGET COST BASELINE $ $ : $ COST TIME-PHASED BUDGET $ $ $ ACCOUNTS $ S : $ $ TIME