PMI Portfolio Management Professional (PfMP) PfMP Question # 65 Topic 7 Discussion

PMI Portfolio Management Professional (PfMP) PfMP Question # 65 Topic 7 Discussion

PfMP Exam Topic 7 Question 65 Discussion:
Question #: 65
Topic #: 7

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:


A.

Three-point estimating should be used as funds are allocated


B.

Next year's budget can be adjusted


C.

Historical data would be useful on estimates versus actual costs


D.

The amount of contingency and management reserves can be decreased


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