In the process of developing the cost baseline and the project budget, which of the following statements is NOT about these two elements?

The cost baseline and the project budget are separate elements in the process of developing the project's financial plan. The cost baseline refers to the approved time-phased budget that is used as a reference for measuring and controlling project costs. It represents the planned cumulative costs for the project over time, typically broken down by specific time periods, such as months or quarters. The cost baseline is an essential component for tracking and comparing actual project costs against the planned expenditures. On the other hand, the project budget refers to the approved allocation of funds for the project. It represents the total authorized amount of financial resources that are allocated to different project activities, work packages, or cost categories. The project budget provides an overview of the financial resources available for executing the project.