Cost Management Question 14

[admin]

During project executing, a new project manager is assigned to the project and finds that the activity cost estimates for the project have rarely been accurate. Which of the following was
MOST probably not done?

a) Obtain a cost constraint from the management , create a work breakdown structure, and develop a project management plan
b) Obtain a cost constraint from the management, perform a risk assessment and form a team
c) Form a team, create a work breakdown structure and use historical records from previous projects.
d) Form a team, develop a project management plan and perform a risk assessment

[admin]

The correct answer is C.

To find the answer, look for things that would cause a poor estimate. A project management plan (choices A and D) comes after the creation of estimates. Risk assessments (choices B and D) normally occur after estimating.

Pass PMP in the First Attempt : PMP Strategy

Revise Cost Management Concepts: Project Cost Management

Quiz:
20 Questions Challenge
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