After establishing a cost baseline and the appropriate cost management plan for a complex hybrid...

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After establishing a cost baseline and the appropriate cost management plan for a complex hybrid project, the project is still being challenged with cases of budgetary variations. What should the project manager do?

Track budget variations and work with the key stakeholders to adjust as necessary.

Approve budget variations upon request only when the cost performance index (CPI) is above 1.

Reject budget variations upon request to discourage the waste of money on the project.

Approve budget variations upon request to encourage rapid delivery of some components.

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Vendor: PMI
Product: PMP
Update on: Dec 5, 2025
Questions: 2040

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