A member of the board of directors has asked the project manager for the estimated cost of the minimum viable product (MVP). The estimated cost is needed in order to get formal approval for this project. How should the project manager report this cost?

QuestionsCategory: PMPA member of the board of directors has asked the project manager for the estimated cost of the minimum viable product (MVP). The estimated cost is needed in order to get formal approval for this project. How should the project manager report this cost?
Admin Staff asked 1 year ago
A member of the board of directors has asked the project manager for the estimated cost of the minimum viable product (MVP). The estimated cost is needed in order to get formal approval for this project.
How should the project manager report this cost?

A. Calculate the budget at completion (BAC) based on the completed and planned features.

B. Determine the control accounts and use a top-bottom estimate.

C. Estimate user story points and forecast a budget for that deliverable.

D. Consider the cost performance index (CPI) based on earned value (EV) divided by costs.










Correct Answer: C

This question is in PMP exam
For getting PMP Certificate


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