PMP Exam Dumps | At the end of a project's initiation phase, the budget was developed and sent to the approval board.

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Question 428/776

At the end of a project's initiation phase, the budget was developed and sent to the approval board. During the approval meeting, one of the key stakeholders asked how the budget was developed for future uncertainties.
How should the project manager reply?

A. Recurrent team meetings are planned to control the budget against future uncertainties.

B. Probabilistic analysis was used to develop the budget to address future uncertainties.

C. The budget was developed by using the lessons learned from previous project data.

D. Feedback from stakeholders will be addressed at each board meeting to adapt the budget.

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The qualit...; Question 423: A project manager is implementing a new software system Some...; Question 424: Anew systems project requires feedback from the accounting m...; Question 425: During the early phase of a project, the requirements docume...; Question 426: A customer's technical lead discussed a new feature with the...; Question 427: A company is conducting a digital transformation project tha...; Question 428: At the end of a project's initiation phase, the budget was d...; Question 429: A project manager has just been assigned to a team that is d...; Question 430: A project learn member identified a defect in the initial so...; Question 431: An issue reoccurs six months after a project's go-live date ...; Question 432: A project team is engaging a development team in another cou...; Question 433: A project manager is new to hybrid project management and is...; Question 434: A project manager is assigned to a new marketing campaign Th...; Question 435: A key project stakeholder showed interest in the beginning o...; Question 436: The product backlog has been completed and prioritized. and ...; Question 437: A new marketing vice president just joined a software startu...; Question 438: A new project manager has been assigned to a project that is...; Question 439: A project manager is leading a project that needs to be depl...; Question 440: Project stakeholders are engaged in a discussion on how to a...; Question 441: A member of a testing team in an agile project works well wi...; Question 442: A project manager is working on the budget for a long-term p...; Question 443: A project manager is leading a project when a key stakeholde...; Question 444: During the execution stage, the project manager discovered t...; Question 445: A Scrum team is analyzing the burndown chart on day four of ...; Question 446: A project manager has just received communication from an op...; Question 447: A project manager has been managing an agile project for 6 m...; Question 448: A project team member raised a risk that the threat of count...; Question 449: After a meeting with the customer, the project manager recei...; Question 450: A new development project is about to start, and the project...; Question 451: An organization is transitioning to agile. The project manag...; Question 452: An agile project team received an assignment to develop an i...; Question 453: The team architect resigned from the company. The new archit...; Question 454: A project manager is tasked with large deliverables that req...; Question 455: One of the service providers on a complex project has been f...; Question 456: On a recently completed prefect a project manager noticed th...; Question 457: A project is ending its fifth out of six iterations. During ...; Question 458: During the execution phase of a healthcare IT project, the p...; Question 459: A company is implementing a new system The project manager h...; Question 460: A project to implement a new online landing platform has sta...; Question 461: A construction services company has influence within the loc...; Question 462: A company has transitioned and is now delivering projects us...; Question 463: A project manager receives information in preparation for re...; Question 464: In an ongoing project, stakeholders have been approaching te...; Question 465: A senior management team member contacts an agile project le...; Question 466: A project manager had to schedule additional planning sessio...; Question 467: The customer wants to show their stakeholders a tangible out...; Question 468: An insurance company is planning to make a big change to its...; Question 469: A project using a hybrid approach to migrate from a current ...; Question 470: Project A is critical for the company and must be completed ...; Question 471: A project team has transitioned to full-time remote working....; Question 472: An organization is embarking on the deployment of a new digi...; Question 473: An agile team was hired to work on a public service project....; Question 474: During a status review meeting a team member raises concerns...; Question 475: The project manager is reviewing a project's progress and no...; Question 476: During the course of a project, the project manager wants to...; Question 477: A stakeholder is requesting that the project manager share p...; Question 478: In an attempt to streamline project communications, a projec...; Question 479: A project manager is part of a balanced matrix project organ...; Question 480: A team is the first team m the company to use agile methods ...; Question 481: A project was initiated due to an external business influenc...; Question 482: During an agile team retrospective, a project team member me...; Question 483: A stakeholder on a project has a reputation for being easily...; Question 484: A project manager has been given a critical, 5-day window an...; Question 485: An agile team completes a deliverable that is to be certifie...; Question 486: A project manager is overseeing a project as part of a progr...; Question 487: An agile coach and technical writer for a globally distribut...; Question 488: A team is ready to start working on a project with a custome...; Question 489: While following up on a deliverable, a team member expresses...; Question 490: A senior manager attends one of the project review meetings ...; Question 491: Drag the items on left side to the matching term within the ...; Question 492: During the course of a project the project manager's immedia...; Question 493: Key decision makers are meeting to define the objectives of ...; Question 494: A project is ending its fifth out of six iterations. During ...; Question 495: A large multi-year project requires highly skilled staff for...; Question 496: A company is about to start a complex research project. Due ...; Question 497: A project manager is managing a large project. A stakeholder...; Question 498: A project manager is leading a multiyear project that involv...; Question 499: A project manager is leading an integration project for a re...; Question 500: A project manager receives a request for proposal (RFP) from...; Question 501: A company recently adopted agile to develop innovation proje...; Question 502: The operations director complains to the CEO about the outco...; Question 503: After a couple of iterations the project manager decides to ...; Question 504: After sending an on-site meeting invitation to seven people ...; Question 505: A protect manager is struggling to obtain participation from...; Question 506: The project manager realizes that the product owner has a lo...; Question 507: A team is working on a project using a hybrid approach, and ...; Question 508: A new project manager is assigned to a project that will del...; Question 509: A project manager is working on a financial system implement...; Question 510: An experienced project manager is overseeing a merger and ac...; Question 511: A project manager is assigned to a hybrid project involving ...; Question 512: During a product demo with key stakeholders, the team identi...; Question 513: A project manager notices that the team lacks a subject matt...; Question 514: A product owner has an idea for a new product but is struggl...; Question 515: An agile project manager notices that one of the team member...; Question 516: A protect is going through its iterative design stage One of...; Question 517: A project manager has recently been assigned to an agile pro...; Question 518: One of the main inputs required for a deliverable is missing...; Question 519: A project manager has noticed that a critical team member is...; Question 520: A project manager must manage a virtual application control ...; Question 521: A project team is working on an agile software development p...; Question 522: An information technology (IT) team is responsible for the v...; Question 523: During project implementation, one team finds out that a key...; Question 524: During the setup of an agile project, the product owner expr...; Question 525: A project manager has been assigned to an important project ...; Question 526: A customer wants to launch a new product in the market and a...; Question 527: A project to develop a large hydropower plant is in the impl...; Question 528: During the execution of a construction project, one of the n...; Question 529: A project manager is working on an enterprise resource plann...; Question 530: During a kick-off meeting, the project manager notices that ...; Question 531: A team needs to implement a mandatory compliance regulation ...; Question 532: In a geographically distributed project team, the project te...; Question 533: A project manager just started managing agile projects The p...; Question 534: A project manager Is leading an agile software development p...; Question 535: A project manager is preparing a project closure report. The...; Question 536: The project sponsor of a major initiative is consistently ch...; Question 537: A project is nearing completion The contingency time has bee...; Question 538: A customer is meeting with an agile team at regular interval...; Question 539: A supplier was supposed to mobilize a government-issued, lic...; Question 540: The current incremental revenue expected by a project delive...; Question 541: A project manager at a large corporation has been assigned t...; Question 542: A project team member was unhappy with a new change in proje...; Question 543: A project manager has been managing a project for several mo...; Question 544: In the middle of an iteration a team member suggests a new m...; Question 545: A project manager is acting as a scrum master in a hybrid pr...; Question 546: The project velocity has recently slipped, and a decision wa...; Question 547: An organization uses a predictive approach but is open to us...; Question 548: An agile team is geographically separated across multiple co...; Question 549: Knowledge sharing has been a key priority for a complex tech...; Question 550: An agile project team is working on an infrastructure produc...; Question 551: A sponsor and project manager found out that a vendor in a d...; Question 552: A project manager is working on a project with multiple work...; Question 553: During a project review meeting, several project team member...; Question 554: During the implementation of a project the project team disc...; Question 555: A project manager is in the middle of an agile project compr...; Question 556: Due to a recent budget reduction, two team members were rele...; Question 557: A project team member does not submit the project status rep...; Question 558: The project manager is reviewing the program risks and issue...; Question 559: A project manager is assigned to an agile project that has a...; Question 560: A project for a new product launch is in a very initial stag...; Question 561: Toward the end of a protect the project manager did not rece...; Question 562: A team has developed and tested new software to control airp...; Question 563: A project manager is working with several junior engineers o...; Question 564: A company wants to increase the commercial value of one of i...; Question 565: A project manager who recently joined the company has been a...; Question 566: A company's new communication system will include online das...; Question 567: During the last sprint review the product owner stated that ...; Question 568: Contract terms used during the tender phase for a new power-...; Question 569: A company is working on a project and is using a hybrid appr...; Question 570: During the execution phase, the project manager discovered t...; Question 571: A project manager notices that the response action for an id...; Question 572: A year after implementing a policy change to improve diversi...; Question 573: During the planning stage of a project the project manager r...; Question 574: A project manager has just completed a fixed-price project a...; Question 575: A Scrum team working in an aircraft manufacturing company ha...; Question 576: One team member is not as active as the rest of the team dur...; Question 577: A project to implement a new process is still in development...; Question 578: A project manager is part of a distributed team. The project...; Question 579: A company has undertaken a large transformation project in p...; Question 580: An experienced project manager is leading an enthusiastic te...; Question 581: During a project planning phase, the project manager realize...; Question 582: After conducting a performance assessment, the project manag...; Question 583: A new team member has joined an agile project, replacing a t...; Question 584: A project manager schedules virtual daily standup meetings f...; Question 585: A software system is being built for a company. Once the sys...; Question 586: A project manager is leading a project with a predictive app...; Question 587: After reviewing the project management plan with key stakeho...; Question 588: For an ongoing project, match the key performance indicators...; Question 589: During a project's initiation phase a lessons learned sharin...; Question 590: An organization has recently decided to switch from a predic...; Question 591: While managing a project using a hybrid approach, the projec...; Question 592: A team member has indicated their user story will not be fin...; Question 593: A procurement team lead has been reported as getting into co...; Question 594: An agile team is making infrastructure changes to the human ...; Question 595: An external project manager is managing the construction of ...; Question 596: A new relevant project stakeholder suggested a change to som...; Question 597: In a time-critical construction project, a misunderstanding ...; Question 598: A project manager is managing the opening of a new office ov...; Question 599: A multiyear resource constraint project is midway through th...; Question 600: The marketing team is transitioning to using hybrid approach...; Question 601: In a multinational project, stakeholders are in different ti...; Question 602: A protect team member is having difficulty delivering assign...; Question 603: A project manager is leading a software development project ...; Question 604: A new project manager is managing a hybrid project. The proj...; Question 605: An organization uses a hybrid approach to project management...; Question 606: A project manager is newly appointed to an ongoing project t...; Question 607: During a regular project progress meeting, the CEO informed ...; Question 608: project manager for a defense software application has a cul...; Question 609: A project manager is managing an internal project that was p...; Question 610: A complex project is in the execution phase. A key stakehold...; Question 611: A technician is scheduled to install internet service at the...; Question 612: A project manager is in rapid development mode on a joint ap...; Question 613: A project's customer is furious. When the customer arrived a...; Question 614: DRAG DROP Drag the interpersonal skill on the left to the co...; Question 615: A learn has been working for two months and has consistently...; Question 616: During the review of a project's list of deliverables, one o...; Question 617: A bank is considering building another branch in one of thre...; Question 618: Five agile teams working together on a product recently perf...; Question 619: A vendor project manager and team are implementing a softwar...; Question 620: In a geographically distributed team, a developer continues ...; Question 621: A project manager is assigned to a dental equipment developm...; Question 622: After the project charter's approval the project manager nee...; Question 623: After reviewing the project management plan with key stakeho...; Question 624: A project manager is assigned to a new project. The project ...; Question 625: During a retrospective review, many project team members say...; Question 626: A project manager is part of a team that is launching a seri...; Question 627: A project manager has been assigned to take over an existing...; Question 628: A project team member reads in a financial newspaper that th...; Question 629: A project to build a new energy plant was just completed. Ho...; Question 630: A project is about to start. The project manager has found t...; Question 631: There is frequent conflict between two project team members ...; Question 632: A project manager is assigned to deliver an innovative solut...; Question 633: According to the project contract the delivery date is appro...; Question 634: A company is initiating a project to decommission inefficien...; Question 635: A feature has been added to the iteration backlog that has b...; Question 636: A major national company known for quality products has just...; Question 637: An organization is transitioning to an agile environment. Th...; Question 638: A project leader of an agile team realizes that one team mem...; Question 639: An important national project is in (he execution phase. A t...; Question 640: A project is almost completed, and both the sponsor and the ...; Question 641: During project execution, a conflict occurs between the proj...; Question 642: A key resource is newly assigned to a project. The project m...; Question 643: According to a new product development process, the marketin...; Question 644: Halfway through a project, the project sponsor is replaced b...; Question 645: A project manager is leading a large-scale project that invo...; Question 646: A project is ready to start, and resources are allocated. Th...; Question 647: Which two actions should a project manager consider while la...; Question 648: A project team is transitioning from a predictive to an agil...; Question 649: A company was awarded a project in a dangerous location that...; Question 650: The scope of a project is to replace the street signs within...; Question 651: During a project meeting, the project manager expressed the ...; Question 652: A project manager is transferred to another country to perfo...; Question 653: In a global project, the project manager has to plan and man...; Question 654: A project team is working on the design of a solution for a ...; Question 655: During the execution phase of a project, a project manager n...; Question 656: A project manager is assigned to a building construction pro...; Question 657: A project involves exporting 150 packages to the customer. H...; Question 658: A few virtual team members are located in a region that gene...; Question 659: A company changed the product owner on an existing project. ...; Question 660: An organization is transitioning to agile and a project has ...; Question 661: An enthusiastic, newly hired vice-president has been assigne...; Question 662: A project manager is tasked with managing a customer relatio...; Question 663: A team member has encountered a technical issue similar to t...; Question 664: A project manager was recently assigned to rescue a high-pri...; Question 665: A company that uses a predictive approach and operates in a ...; Question 666: A mandatory compliance requirement that will impact the proj...; Question 667: A team member has very strong technical skills and is intere...; Question 668: A project manager works at an organization that intends to u...; Question 669: During a kick-off meeting at the start of project execution,...; Question 670: A project manager has been managing a highly complex project...; Question 671: A project manager is appointed for the deployment of a new s...; Question 672: A project that is using an incremental approach has colocate...; Question 673: During a project's execution phase, two team members are hav...; Question 674: The project manager of a large construction project discover...; Question 675: A project manager is leading a software development project....; Question 676: After 1 year Into the life cycle of an ongoing residential p...; Question 677: A project manager encounters a governance issue during the p...; Question 678: A project manager is working on a construction project. The ...; Question 679: During project execution, an important stakeholder threatens...; Question 680: A junior project manager with experience in predictive proje...; Question 681: A project manager is assigned to a project that is in develo...; Question 682: A project is being delayed due to a large amount of rework c...; Question 683: A project manager learns from a marketing analyst that a com...; Question 684: A project, which has its execution phase planned m an iterat...; Question 685: A project team has developed the initial schedule using a ne...; Question 686: A project is on its fifth iteration out of six. One member o...; Question 687: During the third iteration of a project, the product owner r...; Question 688: An agile team has completed an iteration and delivered the a...; Question 689: A project manager is managing a project which has a very com...; Question 690: A project manager and project team have brought a project ba...; Question 691: A company has an existing contract to maintain and enhance a...; Question 692: A project manager has team members around the world in many ...; Question 693: During iteration two of a project with two teams {A and B), ...; Question 694: A company is running a project to eliminate a sales channel ...; Question 695: A project manager is managing a hybrid project After attendi...; Question 696: A project manager has received an updated earned value analy...; Question 697: A new team member on a self-organizing team is finding it di...; Question 698: A project manager for a software technology project works in...; Question 699: A company has created a cross-functional team to drive the d...; Question 700: A project manager is managing a project with team members wh...; Question 701: A project manager is working toward a deadline to prepare a ...; Question 702: A project manager is managing a megaproject. The project sta...; Question 703: A project manager at a company is considering a high-perform...; Question 704: At a meeting, the project manager for an agile project indic...; Question 705: A project manager is leading a hybrid project. The work brea...; Question 706: Just as a team reaches a mutual consensus on a preferred des...; Question 707: A project manager finds that team members In an agile projec...; Question 708: A company must implement a new regulation. The government ha...; Question 709: A project manager is working on a highly complex project. Du...; Question 710: A company is planning a digitization project. Which action s...; Question 711: Since the beginning of a project, the product owner keeps as...; Question 712: A few new team members working on a public housing project a...; Question 713: A hospital is running a project for one of their internal cr...; Question 714: A hybrid project is experiencing several issues with both th...; Question 715: A project manager is assigned to an ongoing complex project....; Question 716: A sales team working on an IT deployment project approached ...; Question 717: A key stakeholder is upset because the final product deliver...; Question 718: In a hybrid project, the customer decided on a major change ...; Question 719: A project manager manages multiple information technology (I...; Question 720: The project manager has observed that two team members have ...; Question 721: A project manager is working on a project with three virtual...; Question 722: A team is developing an experimental program to be used by t...; Question 723: A project manager just finished a meeting to identify the ma...; Question 724: A project manager who is experienced in predictive and adapt...; Question 725: A compliance strategy was created during the planning phase ...; Question 726: A key stakeholder is refusing to participate in a crucial pr...; Question 727: A project manager writes to the receiving organization to in...; Question 728: A team has been working for some time on a project with incr...; Question 729: A project is approaching its project closure phase, and the ...; Question 730: During the first project meeting with a new project manager,...; Question 731: During initiation of a new product improvement project, a pr...; Question 732: A new team member is hired and the training is taking longer...; Question 733: A new regulation has been approved that will impact the deli...; Question 734: A project manager is leading a project which shows a trend t...; Question 735: A team realizes that there is no access to data that the pro...; Question 736: During the design phase, a project manager realizes that the...; Question 737: During the execution phase of a project, a new department ha...; Question 738: A project manager has two projects that are being executed a...; Question 739: An agile project is in its early iterations, but the project...; Question 740: A project manager is managing a national rollout for an inno...; Question 741: A project manager has been assigned to a new project that is...; Question 742: A project manager is in the process of closing out a project...; Question 743: A project manager is working on a software development proje...; Question 744: A project manager notices that a new junior team member's su...; Question 745: A project manager is managing an innovation project for a bi...; Question 746: A project manager is assigned midway through a project. The ...; Question 747: A project started 12 months ago and is currently on iteratio...; Question 748: The project manager of an agile project has been asked to re...; Question 749: A product owner Goes not regularly attend demonstration cere...; Question 750: The project charter was just approved and the project sponso...; Question 751: A vendor has manufactured a complex product. During a factor...; Question 752: An agile team completes a deliverable that is to be certifie...; Question 753: A project manager is assigned to a new project that will lau...; Question 754: A team averages 100 story points per iteration. The team est...; Question 755: In a multinational multi location project with virtual teams...; Question 756: A project manager receives feedback from the customer's lead...; Question 757: A new team member is added to a self-organizing team. The ne...; Question 758: The project leader for an agile team has discovered that a c...; Question 759: During the initiation stage of a multimedia exhibition-desig...; Question 760: An international client contacted a software development com...; Question 761: A project manager has been moved to a new division and is in...; Question 762: A project has been running for 2 months and now requires app...; Question 763: A project manager is assigned to work on a large global proj...; Question 764: A project team is performing extremely well when it comes to...; Question 765: A project team needs to follow regulatory compliance guideli...; Question 766: A project is about to close and the project manager is p Set...; Question 767: A project manager is managing a project that is going to del...; Question 768: While working on a poorly defined internal project, a projec...; Question 769: A project team is having difficulties understanding technica...; Question 770: An agile leader notices that one team member consistently fa...; Question 771: The project is delayed due to the high amount of major chang...; Question 772: An agile team has been struggling to keep up with the planne...; Question 773: A town wants to build a community center and has appointed a...; Question 774: The project manager just started leading a project team from...; Question 775: A project manager is assigned to a multiyear project. During...; Question 776: In the planning phase, a project manager receives identified...

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