PK0-005: CompTIA Project+Demo

By CompTIA · Question Mode

QuestionQ57

Project Management Concepts

During project execution, the team needed to carry out the risk mitigation plan for a particular deliverable, resulting in an unplanned financial impact. What should the project manager do next?

  • A Coordinate a phase gate review.
  • B Update the project budget.
  • C Conduct project meetings and updates.
  • D Monitor the vendor’s performance.
Explanation

The cost of an executed risk response must be incorporated into the project budget so the financial plan accurately reflects the response’s impact and supports appropriate cost control. PMI guidance describes transferring the cost of activated risk-response plans into the budget at completion and updating the cost baseline.

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