Krupa,
I see the difference between these two as Scope Creep being uncontrolled and Progressive Elaboration as controlled. I think it would be fine to baseline it based on 95% of the scope depending on the nature of the project and its objectives. Of course, you can never know all of the possible details at the start, and that is why having a good change control process is so critical in order to avoid scope creep. If you are doing progressive elaboration properly and communicating effectively, then it should be clear to all stakeholders if the additional detailing are still within the original scope or if they are expanding the scope to the point of requiring a change request so that things don't get out of control.
If the customer is not totally clear of the product or project specifications, then maybe it is necessary to do prototyping or storyboarding in order to get more early feedback on the requirements. Or, maybe you would need to take more of an Agile approach to the project and develop incrementally, get user feedback, update requirements etc..
Note that "known" risks are assigned a contingency reserve and "unknown" risks are assigned a management reserve.
Hope this helps. Best of luck to you on your exam. Stay confident!
Cheers,
Mark