CompTIA
PK0-004 · Question #42
During a project assessment, a project manager determines the initial project cost estimates were incorrect, and there is not enough budget left, including reserves, to complete the project. Which…
The correct answer is A. Alert the project sponsor of the situation. The project sponsor is the only role that approves the funding.
Project management concepts
Question
During a project assessment, a project manager determines the initial project cost estimates were incorrect, and there is not enough budget left, including reserves, to complete the project. Which of the following actions should the project manager take?
Options
- AAlert the project sponsor of the situation
- BContact the customer and request more funding.
- CAnnounce the project will end early due to lack of funds.
- DAttempt to save money in downstream activities
How the community answered
(35 responses)- A71% (25)
- B6% (2)
- C6% (2)
- D17% (6)
Explanation
The project sponsor is the only role that approves the funding.
Topics
#budget overrun#escalation#project sponsor#cost management
Community Discussion
No community discussion yet for this question.