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Today's Question
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Taken from Cert-PMP4ED
Related Exam: PMI Cert-PMP4ED PMCert: Project Management Professional Fourth Edition
Item Number: Cert-PMP4ED.1.1.9
Which statement is NOT true about a project's life cycle?
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Previous question and answer:
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Taken from Cert-CAPM3ED
Related Exam: PMI Cert-CAPM3ED PMCert: Certified Associate in Project Management Third Edition
Item Number: Cert-CAPM3ED.6.9.32
When would a project manager have the MOST influence over controlling project costs?
The project manager would have the most influence over controlling project costs during the planning stages of a project. The ability to affect project cost is greater in the project's earliest planning stages, before execution has begun.
The project manager would not have the most influence over controlling project costs when the project charter is developed. To effectively define and control costs, more detailed scope information about work packages to be performed would need to be identified.
The project manager would not have the most influence over controlling project costs when monitoring cost variance of the project or during the execution stages of a project. After execution has begun, it is more difficult to control the costs of a project because unanticipated events arise.
References:
- 1. A Guide to the Project Management Body of Knowledge - PMBOK Guide 3rd Edition - Project Cost Management - 7.1 Cost Estimating
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