Please use scholarly refrences

Introduction

Discussion forums allow students the opportunity to analyze and discuss project management topics with classmates and the instructor. They are an opportunity for sharing insights and experiences within project management and are relative to the readings, other weekly course material, and the Unit Learning Outcomes. Please review the Learning Outcomes and the Directions prior to posting your response to the discussion prompt below.

• Analyze the concepts within cost management.
• Differentiate between a cost baseline and a performance measurement baseline.
• Differentiate between contingency reserves and management reserves.
• Calculate earned value and understand the importance of earned value on a project.

Directions

After reading and watching this week’s material, engage in an active discussion regarding cost management. We focus on cost management which is an integral aspect of a project to ensure the budget stays on track. Explain what a cost baseline and a performance measurement baseline are. Also, denote the various types of cost estimation and denote how they differ.

Please find an additional reference source and cite the source in your discussion post. Sources must be used to enhance the learning experience. By finding a referenced source, you are enhancing the learning experience by searching for another source of information on the topic. Also, please ensure you are using a source that is peer reviewed to ensure accuracy of information (select peer-reviewed journal articles in the Park Library).

Your original post should be in the format of an executive summary (must contain verbiage and bullet points to name the key points). Use APA formatting.