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Question 929 - PMP discussion

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A member of the board of directors has asked the project manager for the estimated cost of the minimum viable product (MVP). The estimated cost is needed in order to get formal approval for this project.

How should the project manager report this cost?

A.
Calculate the budget at completion (BAC) based on the completed and planned features.
Answers
A.
Calculate the budget at completion (BAC) based on the completed and planned features.
B.
Determine the control accounts and use a top-bottom estimate.
Answers
B.
Determine the control accounts and use a top-bottom estimate.
C.
Estimate user story points and forecast a budget for that deliverable.
Answers
C.
Estimate user story points and forecast a budget for that deliverable.
D.
Consider the cost performance index (CPI) based on earned value (EV) divided by costs.
Answers
D.
Consider the cost performance index (CPI) based on earned value (EV) divided by costs.
Suggested answer: C
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asked 23/09/2024
Rudy Raijmakers
40 questions
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