PMP · Question #678
A company operates on a 2-year budgeting cycle. The project manager has been assigned a high-visibility project to deliver a brand new, innovative capability. While the requirements for the new capabi
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Question
A company operates on a 2-year budgeting cycle. The project manager has been assigned a high-visibility project to deliver a brand new, innovative capability. While the requirements for the new capability are defined, the solution design is only beginning. The project manager's boss is concerned that the final solution will exceed the budget for the project. What should the project manager do next to anticipate the budget impacts of the solution?
Options
- AApply earned value techniques that compare planned to actual value delivered at key points in
- BDevelop a work breakdown structure (WBS) and perform activity-based cost estimating.
- CPerform scenario planning on each of the solution designs and incorporate estimates into the next
- DConsult colleagues at other companies and use historical information to predict the final cost.
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