Crucial Exams

Project Management Professional Practice Question

You are managing a construction project and have reached the halfway point. Upon reviewing the financial forecast, you realize that the cost of raw materials is likely to increase due to market volatility, which was not accounted for in the initial budget. To ensure the project does not exceed its budget by the end of the construction phase, what should be your immediate next step?

  • Reduce the project scope unilaterally to match the initial budget despite the rising cost of materials.

  • Proceed with the current budget plan until price changes occur and then request additional funds.

  • Review the resource calendar and re-estimate the cost of the raw materials taking into consideration the predicted market increase.

  • Inform the stakeholders about the possibility of project delay due to funding issues without conducting further analysis.

Project Management Professional
Process
Your Score:
Settings & Objectives
Random Mixed
Questions are selected randomly from all chosen topics, with a preference for those you haven’t seen before. You may see several questions from the same objective or domain in a row.
Rotate by Objective
Questions cycle through each objective or domain in turn, helping you avoid long streaks of questions from the same area. You may see some repeat questions, but the distribution will be more balanced across topics.

Check or uncheck an objective to set which questions you will receive.

Wipe Score
Bash, the Crucial Exams Chat Bot
AI Bot