During a Project Assessment, a Project Manager Determines the Initial

question 392

Multiple Choice

During a project assessment, a project manager determines the initial project cost estimates were incorrect, and there is not enough budget left, including reserves, to complete the project. Which of the following actions should the project manager take?

• A) Alert the project sponsor of the situation.
• B) Contact the customer and request more funding.
• C) Announce the project will end early due to lack of funds.
• D) Attempt to save money in downstream activities.

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Definitions:

Dividends

Disbursements issued by a corporation to its owners, often in the form of profit sharing.

Price-Earnings Ratio

A valuation metric for stocks, calculated by dividing the market price per share by the earnings per share.

Market Price

The present rate at which a service or asset is available for purchase or sale on the public market.

Dividends

Payments made by a corporation to its shareholder members, typically derived from profits.