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Hello everyone! Here is this week's free PMP exam sample question from the PM Exam Simulator.
You have finished estimating costs for your project. What is your next activity with regard to managing the costs?
A. Develop Cost Performance Baseline
B. Develop Work Performance Measurements
C. Develop Budget Forecasts
D. Plan Quality Management
HINT: Determine Budget is the process after the Estimate Costs process.
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Answer and Explanation:
The correct answer is A.
The immediate activity following estimation of costs is determining the budget. The output of the Determine Budget process is the development of a Cost Performance Baseline.
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This interview with Simona Fallavollita (LinkedIn Profile) was recorded at the magnificient Project Management Institute (PMI)® Global Conference 2017 in Chicago, Illinois. We discuss the how, what, why and when of the changes that are coming to the PMP exam.