A project manager is finalizing the project charter and has invited the project sponsor and...

PMI PMP Question Answer

A project manager is finalizing the project charter and has invited the project sponsor and key stakeholders to confirm the project estimates. The project manager suggests adding a budget reserve to meet unforeseen risks, but the project sponsor disagrees.

What should the project manager do?

Demonstrate that risky projects are subject to change so adding reserves to the budget is a necessity.

Explain to the project sponsor and key stakeholders the need to add the reserve and get their buy-in.

Seek key stakeholders' approval and finalize the budget with the reserve.

Agree with the project sponsor and finalize the budget without the reserve.

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Vendor: PMI
Product: PMP
Update on: Aug 13, 2025
Questions: 1988

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A project manager is finalizing the project charter and has invited the project sponsor and...

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