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:

Providing an analogous estimate based on past history.

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

Calculating a parametric estimate based on available information.

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