Cost Baseline Template
This one-page Cost Baseline template documents the approved estimated cost for each project task along with the assigned contingency reserve. It defines the cost baseline for one project activity and can be replicated to fit any project size. This template supports project cost management.
This Cost Baseline template documents the approved estimated cost for each project task along with amount of contingency reserve assigned to each task. At any point in time, the cost baseline can be compared to actual costs incurred to determine the cost performance.
This template is developed to support a wide range of project types and sizes. Specifically, it:
- begins with a section that captures relevant project information,
- provides for capturing activity and task identification information,
- provides a section for recording information about each task, (E.g., it provides sections to document the estimated start date, estimated completion date, unit estimate, total cost estimate, contingency reserve, and subtotals) and
- it provides a section to total the costs of tasks to calculate activity cost.
Who Creates the Cost Baseline?
The Project Manager is responsible for generating the cost baseline. Doing so accounts for the input of various project team members, other stakeholders, and the project sponsor.
What Are the Inputs?
There are numerous inputs to developing the Cost Baseline, including the cost management plan, the work breakdown structure, and the cost breakdown structure.
Make Work Easier
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