PMP · Question 21 · Task 5: Plan and manage budget and resources
A project manager is reviewing the budget performance and notices that the project is currently over budget due to higher than expected resource costs. The sponsor is concerned about cost overruns and wants to understand the future budget implications. The project is 60% complete with a CPI of 0.85. What should the project manager do FIRST?
Answer options:
Calculate the Estimate at Completion (EAC) to project the final project cost based on current performance
Implement immediate cost reduction measures to bring the project back on budget
Request additional budget from the sponsor to cover the cost overruns
Analyze the root causes of the higher resource costs to prevent future overruns
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