PMP Exam Simulator

Duration

Questions

Accelerate Mock ExamDisplay correct answer

PMP exam lasts 230min and has 180 questions

Use acceleration to have extra 30m in reserve on exam

Cost Management

Darren has been assigned to manage a project to create a new application for free pickup of unwanted furniture. There might be events that could effect the project and Darren with his team are planning how to respond to these events. Also, they determine the amount of cost contingency reserve required. Choose the correct statement:

The cost contingency reserve should be added to each activity to provide the customer with a shorter critical path.

The cost contingency reserve should be hidden in order to prevent management from disallowing the reserve.

The cost contingency reserve should be maintained by management to cover cost overruns.

The cost contingency reserve should be added to the cost of the project to account for risks.