Hello everyone! Here is this week's free PMP® exam sample question from the PM Exam Simulator.

For which of the following activities will the project manager need prior approval?

A. Cost aggregation
B. Parametric estimation
C. Vendor bid analysis
D. Spending from funds in the management reserves

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HINT: Management reserves are withheld for management control purposes.

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Answer and Explanation:
The correct answer is D.

Management reserves are not a part of the cost baseline. So before spending it, the project manager needs prior approval from senior management.