PMP Exam Simulator

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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

Sam has been assigned to a project on a new product development. The project has a medium amount of risk and is not very well defined. Sam received a project charter from the sponsor and he has to confirm that the project can be completed within the project cost budget. The best way to handle this would be:

Calculating a parametric estimate based on available information.

Providing an analogous estimate based on past history.

Asking the team to help estimate the cost based on the project charter.

Developing an estimate in the form of a range of possible results.