PK0-003 · Question #482
A project manager is informed that material expenditures will increase. Which of the following documents should be referenced to address this increase?
The correct answer is B. Cost management plan. To address an increase in material expenditures, the project manager should reference the cost management plan, which outlines how project costs will be planned, structured, and controlled.
Question
A project manager is informed that material expenditures will increase. Which of the following documents should be referenced to address this increase?
Options
- AWork Breakdown Structure (WBS)
- BCost management plan
- CApproved project charter
- DProject scope document
How the community answered
(46 responses)- A2% (1)
- B91% (42)
- C4% (2)
- D2% (1)
Why each option
To address an increase in material expenditures, the project manager should reference the cost management plan, which outlines how project costs will be planned, structured, and controlled.
The Work Breakdown Structure (WBS) defines the scope by breaking down deliverables, not the procedures for managing cost changes.
The cost management plan details the processes and procedures for managing project costs, including how cost variances will be handled and how changes to the cost baseline will be approved. An increase in material expenditures directly relates to cost control and management.
The project charter authorizes the project and names the project manager, but it does not detail the procedures for managing specific cost increases.
The project scope document defines what is and is not included in the project, not the methods for controlling financial variances.
Concept tested: Cost management plan purpose
Topics
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