Crucial Exams

Project Management Professional Practice Question

You are finalizing the project budget for the construction of a new community center. You've aggregated your work package estimates and included the contingency reserves for identified risks. Knowing that the project could face unforeseen challenges given the innovative sustainable materials being used, what is your NEXT step to finalize the budget?

  • Allocate remaining funds to quality assurance for the materials used.

  • Adjust the contingencies based on expert judgment, careful to avoid over-budgeting.

  • Reduce the project scope to align with estimated costs and existing contingency reserves.

  • Add management reserves to the budget to cover unforeseen work within the scope of the project.

Project Management Professional
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