Contract Cost Baseline Calculator
Professional contract cost baseline management with variance analysis and reserve tracking
Contract budget baseline tracking
Budget vs actual performance
Contingency and management reserves
Performance monitoring over time
Contract Baseline Parameters
Cost Categories
For known risks and uncertainties
For unknown risks and opportunities
Understanding Contract Cost Baseline
Baseline Management
What is Cost Baseline?
The approved version of the time-phased project budget, excluding any management reserves. It serves as the reference point for measuring performance and managing changes.
Baseline Components
Includes all planned costs for delivering contract scope, plus contingency reserves for identified risks, but excludes management reserves for unknown risks.
Change Management
Any changes to the baseline require formal change control process. The baseline provides stability for performance measurement while allowing controlled adjustments.
Contract Performance
Variance Analysis
Compare actual costs against baseline to identify variances, understand root causes, and implement corrective actions to bring contract back on track.
Reserve Management
Monitor contingency reserve usage and seek management approval for using management reserves. Track reserve depletion and adjust risk mitigation strategies accordingly.
Forecasting
Use performance data to forecast Estimate at Completion (EAC) and Variance at Completion (VAC). Regular forecasts help in early identification of potential overruns.