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PK0-003 · Question #202

A project is struggling because the sponsor continually has to increase funding which may cause the project to get cancelled. This could have been avoided by using:

The correct answer is B. Change control.. Continual funding increases that threaten project cancellation indicate a lack of proper management over changes impacting project resources. Implementing robust change control processes helps manage and approve all significant project modifications.

Project management concepts

Question

A project is struggling because the sponsor continually has to increase funding which may cause the project to get cancelled. This could have been avoided by using:

Options

  • AQuality metrics.
  • BChange control.
  • CAWBS.
  • DFixed costs.

How the community answered

(34 responses)
  • A
    3% (1)
  • B
    94% (32)
  • C
    3% (1)

Why each option

Continual funding increases that threaten project cancellation indicate a lack of proper management over changes impacting project resources. Implementing robust change control processes helps manage and approve all significant project modifications.

AQuality metrics.

Quality metrics assess the quality of deliverables but do not manage financial resources or project funding.

BChange control.Correct

Change control is a formal process used to manage all project changes, including those to scope, schedule, and budget. By establishing a defined process for reviewing, approving, or rejecting proposed changes, it prevents uncontrolled financial escalations and ensures that funding adjustments are justified and sustainable, thus avoiding project cancellation due to budget overruns.

CAWBS.

A Work Breakdown Structure (WBS) decomposes project work but does not directly manage project funding or changes to it.

DFixed costs.

Fixed costs are a type of expense that remains constant regardless of activity level, but this concept alone does not provide a mechanism to control funding increases for the project as a whole.

Concept tested: Project Management - Change Control

Source: https://www.pmi.org/learning/library/project-management-change-control-2144

Topics

#change control#cost management#project funding

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