PMP Exam Simulator

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info iconPMP exam lasts 4h and has 200 questions
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lock iconCost Management

The project manager is working on a project to develop a mobile application for an airline company. This morning he had a meeting with the sponsor to review the cost estimate. The sponsor was very unhappy with the higher cost and he requested to reduce the estimate by at least 8%. The sponsor is not too worried about the project duration estimate and he offered help with the schedule is needed. The best course of action for the project manager in this situation is: