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Exam PMP topic 1 question 1414 discussion

Actual exam question from PMI's PMP
Question #: 1414
Topic #: 1
[All PMP Questions]

A project manager’s transformation project has been delayed due to unexpected issues with the information technology (IT) systems. These issues are likely to impact the project budget, but the project manager is working hard to make ensure there is no impact on the project's schedule and scope.

Which two actions should the project manager take before proposing a budget rebaseline to upper management for approval? (Choose two.)

  • A. Consider schedule compression techniques to shorten or accelerate the schedule duration without reducing the project scope.
  • B. Consider using resource leveling to more accurately reflect the work commitments of the resources.
  • C. Apply data analysis techniques, variance analysis, and trend analysis.
  • D. Analyze the budget based on the revised estimates and responses from similar situations in the past.
  • E. Raise a change request with high priority to be discussed in the upcoming governance meetings.
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Suggested Answer: CD 🗳️

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MonBouj
1 month ago
Selected Answer: CD
C. Apply data analysis techniques, variance analysis, and trend analysis. D. Analyze the budget based on the revised estimates and responses from similar situations in the past. C and D are the most appropriate actions to take because they focus on analyzing the budget impact and preparing accurate data, which will be crucial when proposing a rebaseline to upper management.
upvoted 1 times
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victory108
1 month, 1 week ago
Selected Answer: CD
C. Apply data analysis techniques, variance analysis, and trend analysis D. Analyze the budget based on the revised estimates and responses from similar situations in the past
upvoted 1 times
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Ngho
1 month, 2 weeks ago
The two actions the project manager should take before proposing a budget rebaseline to upper management for approval are: C. Apply data analysis techniques, variance analysis, and trend analysis. This will help the project manager thoroughly understand the cost deviations and trends before making any budget adjustments. Variance and trend analysis allow for a detailed examination of the budget and can help in making informed decisions when rebaselining. D. Analyze the budget based on the revised estimates and responses from similar situations in the past. Analyzing revised estimates and reviewing how similar situations were handled in the past can provide insights into the potential costs and best practices for managing unexpected issues. This will give the project manager a solid basis for adjusting the budget realistically. These steps will ensure the project manager is well-prepared to propose a rebaseline with a clear understanding of the financial impact.
upvoted 1 times
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d370e49
2 months, 1 week ago
Selected Answer: CD
I think it's C and D here. Why would you use a change request?
upvoted 1 times
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Kim222
3 months, 2 weeks ago
Selected Answer: CD
I Think C,D
upvoted 1 times
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