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Project Management MCQs

A sponsor has requested a fixed budget and a fixed scope. What is the most effective way to plan?

If the project budget is less than the requested budget, count the difference as contingency.

Clarify with the sponsor which project attribute is most important to them. Plan the project with that attribute fixed.

If the project budget is more than the requested budget, agree to the terms but add change penalty fees into the contract.

If the project budget is more than the requested budget, negotiate the cost estimates down.

Answer

Correct Answer: Clarify with the sponsor which project attribute is most important to them. Plan the project with that attribute fixed.

Explanation:

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