PMIPMI
CAPM · Question #293
CAPM Question #293: Real Exam Question with Answer & Explanation
The correct answer is B: Escalate this issue to the project sponsor.. See the full explanation below for the reasoning.
Predictive, Plan-Based Methodologies
Question
A project team is working on relocating offices to another building and providing new furniture. The new furniture was purchased from an international vendor. The price was negotiated in a foreign currency, and due to changes in the exchange rate, the cost has increased by 10%. There is no contingency in the project budget. What should the project manager do?
Options
- AEscalate this issue to the procurement team.
- BEscalate this issue to the project sponsor.
- CEscalate this issue to the chief financial officer (CFO).
- DEscalate this issue to the project management office (PMO).
Topics
#Budget Management#Escalation#Project Sponsor Role#Risk Response
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