Project Management Professional (PMP) Exam Practice – Question1431

Your project manager has requested that you provide him with a forecast of project costs for the next 12 months. He needs this information to determine if the budget should be increased or decreased on this major construction project. In addition to the usual
information sources, which of the following should you also consider?


A. Cost estimates from similar projects
B. WBS
C. Project schedule
D. Costs that have been authorized and incurred

Correct Answer: D

Explanation:

Explanation:
These costs are part of work performance data about project progress. In addition data include information about project progress such as which activities have started, their progress, and which deliverables have finished Updating the budget requires knowledge
about the actual costs spent to date, and any budget changes are approved according to the Perform Integrated Change Control process.