CompTIA Project+ (PK0-004) — Question 18

During a project assessment, a project manager determines the initial project cost estimates were incorrect, and there is not enough budget left, including reserves, to complete the project.
Which of the following actions should the project manager take?

Answer options

• A. Alert the project sponsor of the situation.
• B. Contact the customer and request more funding.
• C. Announce the project will end early due to lack of funds.
• D. Attempt to save money in downstream activities.

Correct answer: A

Explanation

The correct action is to alert the project sponsor of the situation, as they are responsible for making key decisions regarding the project. Contacting the customer for more funding may not be feasible and could damage relationships, while announcing an early end could be premature. Attempting to save money in downstream activities may not address the immediate funding shortfall.