PMP Exam Question 29

Aligned with PMBOK 6th Edition®.

Funding limits vs Planned Expenditures

An IT project manager, Tom, is evaluating expenditure of funding limit reconciliation. He realises than there is a variance between the funding limits and the planned expenditures that needs to balance. How would you accomplish this?

A. Submitting request of change of funding limits through formal change control procedures.

B. Requesting for approval a new schedule baseline

C. Placing date constraints for work into the project schedule.

D. Introducing the issue to the funding entity and request new funding limits.

February 16, 2020

1 responses on "PMP Exam Question 29"

  1. PMP Solution 29

    Funding Limit Reconciliation is a tool and technique in Determine Budget process. The expenditure of funds should be reconciled with any funding limits for the project. A variance between the funding limits and the planned expenditures will sometimes need the rescheduling of work to level out rate of expenditures. This is accomplished by placing imposed date constraints for work into the project schedule. Therefore, right answer is C. [PMBOK 6th edition, Page 253] [Project Cost Management].

    Cheers

Leave a Message

About

Welcome to the First OPEN Project Management Community. Forever FREE PMP Resources; Exam Simulators, PMP Progress Tracking, Weekly Exam Questions, ...

Palma de Mallorca

[email protected]

Who’s Online

Profile picture of OLUSEGUN BALOGUN

© 2020 - All Rights Reserved.
OpenPM.org contains affiliate links, meaning at no additional cost to you, we will earn a commision if you click through and make a purchase.
OpenPM has never and will never compromise its integrity.

1