Working to monitor the portfolio especially in terms of its value to the organization, you...

Vendor: PMI
Product: PfMP
Update on: Jul 30, 2025
Questions: 495

PMI PfMP Question Answer

Working to monitor the portfolio especially in terms of its value to the organization, you had each component manager prepare monthly variance reports. Of the components ranked in the top 10, six of them realized they would not require some of their initial funding and still would be completed as planned. This means:

Three-point estimating should be used as funds are allocated

Next year's budget can be adjusted

Historical data would be useful on estimates versus actual costs

The amount of contingency and management reserves can be decreased