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PMP micro learning videos Series - PMP Free Question 29: Cost Overrun Trends

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PMP micro learning videos Series - PMP Free Question 29: Cost Overrun Trends

Postby jyotimayank Wed May 01, 2019 1:37 pm

Your sponsor is very sensitive about the cost overrun, and he wants you to inform him in person, whenever you observe a trend pattern leading to cost overrun, where should you record this?

A. Communications Management Plan
B. Stakeholder Engagement Plan
C. Cost Management Plan
D. Change Management Plan

Here are the definitions of all these plans
Communications Management Plan
The communications management plan is a component of the project management plan that describes how project communications will be planned, structured, implemented, and monitored for effectiveness.

Stakeholder Engagement Plan
A component of the project management plan that identifies the strategies and actions required to promote the productive involvement of stakeholders in project or program decision making and execution.

The cost management plan is a component of the project management plan and describes how the project costs will be planned, structured, and controlled.

A component of the project management plan that establishes the change control board documents the extent of its authority, and describes how the change control system will be implemented.

The question is about the stakeholder need for communication when the possibility of cost overrun occurs. The project manager needs to follow one communication method when a given event occurs.

Watch this video for the correct answer

Jyoti Gupta
PMP Mentor & Coach

iZenbridge Consultancy Pvt Ltd

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