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Which process involves aggregating the estimated costs of the individual schedule activities or work packages?
Correct Answer: D
Explanation/Reference: Explanation: Process: 7.3 Determine Budget Definition: The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline. Key Benefit: The key benefit of this process is that it determines the cost baseline against which project performance can be monitored and controlled. Inputs 1. Cost management plan 2. Scope baseline 3. Activity cost estimates 4. Basis of estimates 5. Project schedule 6. Resource calendars 7. Risk register 8. Agreements 9. Organizational process assets Tools & Techniques 1. Cost aggregation 2. Reserve analysis 3. Expert judgment 4. Historical relationships 5. Funding limit reconciliation Outputs 1. Cost baseline 2. Project funding requirements 3. Project documents updates