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Figure 19: Average AUD/USD Exchange Rate (Macrotrends, 2021
And the average AUD/USD exchange rate is displayed in figure 19.
Figure 19: Average AUD/USD Exchange Rate (Macrotrends, 2021)
According to the figures above and based on the analysis regarding previously similar projects, the predicted escalation accounts for 10% of the Cost Baseline.
5.4.2.2. Contingency Reserve
The contingency reserve is derived from the quantitative risk analysis-Monte Carlo Simulation (MCS) in this project report. Further explanation and calculation are referred to the Risk Management Plan for the exhaustive simulation process.
5.4.3. Cash-flow Diagram
Because the cost estimations that make up the cost baseline are directly linked to the schedule activities, a Cash-flow Diagram, which is commonly shown as an S-curve, can be created (figure 20).