PMP Practice Question 1626 - Process
A project manager has been assigned to a new project that will be delivered using an agile framework. The sponsor is asking for a cost estimation to build the business case. What should the project manager do?
- ✓ Correct A.Review the completion costs of similar projects.
- B.Ensure that a 20% contingency is included in the estimation.
- C.Review the lessons learned from similar projects.
- D.Ensure the client representative is involved in the estimation.
Correct answer: A
Explanation
When a sponsor requests cost estimation for an agile project's business case, the project manager should review the completion costs of similar projects. Historical data from comparable projects provides a realistic baseline for estimation. Ensuring a 20% contingency (B) is a component but not the primary estimation method. Reviewing lessons learned (C) provides insights but not cost data. Involving the client representative (D) is helpful but secondary to historical analysis.
Practice the full 2,250-question bank
This page is a free public sample. Sign up to save your progress, build a wrong-answer notebook, and track accuracy by domain - free for 7 days.
Start free