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PMI-RMP · Question #461

A budget change request was initiated by a functional manager in an organization due to a shortage in the functional manager's department budget. The functional manager asks the CEO to approve utiliza

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Risk Monitoring and Reporting

Question

A budget change request was initiated by a functional manager in an organization due to a shortage in the functional manager's department budget. The functional manager asks the CEO to approve utilization of a contingency budget reserved for one of the projects in its closing phase. What should the risk manager of the related project have done to prevent this situation from happening?

Options

  • AReformed the risk monitoring and closing process properly.
  • BCreated the project work plan and budget more accurately.
  • CEducated the project team on budget change requests.
  • DCommunicated better with the organization's CEO.

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Topics

#Contingency Reserve Management#Risk Monitoring#Project Closure#Risk Process Improvement
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