Cost Baseline and Reserve

PMbok says reserves are not part of base line (page 77). However Rita says Cost Esimtates + reserve = cost budget. Who is right ?

cost(project) estimates+contigency reserves=cost baseline

cost baseline+management reserve= cost budget(project budget)

Very correct but little change

Activity cost + contingency reserve = cost base line =project budget

http://www.pmzilla.com/using-reserves-case-over-budget-right

this thread may helpful

P 177 says that management reserve is not a part of base line.

Perhaps you are following - any old print of PMBOK4 ( before of 3/9/2011)

see here errata published by PMI, for older prints before of 3/9/2011:

PMBOK®

 Guide – Fourth Edition

As of 3/13/2009

*Updated 3/9/2011

Errata

NOTE: The following errata only pertain to the first printings of the PMBOK®

 Guide Fourth Edition. In order to verify

The print run of your book (or PDF), refer to the bottom of the copyright page (which precedes the Notice page and Table of Contents). The last numeral in the string beginning "10 9 8" etc. denotes the printing of that particular copy.

Numerous minor editorial changes have been made to the text and figures. The following changes were considered significant to mention:

Page

75

Correction

Section 4.1.1.1 (3rd bullet)—clarified the description of “strategic plan”

120 Figure 5-10—A duplicate graphic of Figure 5-9 appeared as Figure 5-10; reinserted the correct  graphic

162 Section 6.6.2.1 (2nd paragraph)—Replaced “data” with “date”

173 Section 7.1.2.6 (2nd paragraph)—Replaced “schedule documentation with “cost documentation”

177* Section 7.2.2.2 (5th sentence)—Changed “Reserves” to “Management reserves” This sentence now reads: Management reserves are not a part of the project cost baseline, but may be included in the total budget for the project.

211 Figure 8-15—Corrected the graph in this figure

248 Section 10.1.2.1 (1st sentence)—Replaced “process” with “technique”

292 Figure 11-10— in the figure text, replace “(relative scale)” with “(numerical scale)”

337 Section 12.3.1.2—Replaced “Conduct Procurements” to “Administer Procurements”

342 Section 12.4 (3rd paragraph, 3rd sentence)—Changed “project” to “contract”

428 Definition for human resource plan (2nd sentence)—Added “management plan” to end of sentence {ED note: this definition appear on p. 436 of the latest printing of this standard.}

Replacements for the figures appearing on pages 120 and 211 are provided on the next two pages of this

PDF