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PMI-RMP · Question #440

PMI-RMP Question #440: Real Exam Question with Answer & Explanation

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Risk Monitoring and Reporting

Question

When processing freight invoices for a project, the project manager notices the shipping costs exceeded the budget due to increased fuel costs. The risk manager included this risk in the project's contingency allowance. When reviewing the project budget execution reports, the project manager notices unused budget remaining in other closed tasks of the project that could cover the additional shipping costs. What should the project manager do?

Options

  • AProcess the freight invoices at higher shipping costs against the project's contingency allowance.
  • Bis not necessary, as the project budget already has a provision for this risk. Processing the
  • CProcess the freight invoices for the budgeted amount and hope the shipping company will forgive
  • DAsk the project sponsor to cover the additional shipping costs on the company's reserves account.

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Topics

#Contingency Reserve#Risk Response Implementation#Cost Overrun#Budget Control
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