PMP Exam Simulator

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Accelerate Mock ExamDisplay correct answer

PMP exam lasts 230min and has 180 questions

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Cost Management

Lee is one of the best project managers of a company and she is currently working on a small project. Today she had a meeting with a project stakeholder. The project stakeholder requested the project's budget and cost baseline. At this point, the initiating processes of the project have been completed and Lee is moving to project planning. In this situation, what should the project manager tell the project stakeholder?

The project budget and cost baseline are not finalized until the planning processes are completed.

The project budget can be found in the project charter, which has just been completed.

As fas as it's a small project, the project management plan will not contain the project budget and baseline.

It's impossible to complete an estimate before the project management plan is created.