PMP Exam Simulator
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PMP exam lasts 230min and has 180 questions
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Cost Management
Vanessa is a highly experienced project manager. She is working with her team to break down deliverables. The procurement department has started looking for sellers to help produce the deliverables. There are concerns that the project can go over budget because the scope will be iterated, and planning and development will be done in increments. Today, Vanessa and her team had a meeting with the sponsor. The sponsor is concerned about how accurate the project estimates are, taking into consideration that they are planning to iterate the scope. Vanessa is sure that the team can provide accurate estimates, because they are using right tools for it. The team need all of the following to provide a project estimate EXCEPT: