PMP: Project Management Professional (PMBOK 6 & 7)Retired

By PMI · Question Mode

QuestionQ4

VerifiedProcess

While executing the project, a project manager discovers that the budget at completion has changed significantly and is higher than expected. What should the project manager do?

Explanation

A significant adverse cost variance calls for root-cause analysis of project performance so the source of the variance can be understood and appropriate corrective action determined. Updating the original budget solely by the current cost variance bypasses that analysis and baseline change control.

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