Program Management Professional (PgMP) — Question 76

A program has a budget at completion of $1,250,000 and has already spent $425,000. The program is running late due to some vendor delays; the program is only 30 percent complete though it was scheduled to be 45 percent at this time. Based on this information how much more money will this program need to finish?

Answer options

• A. $978,445
• B. $919,325
• C. $991,667
• D. $987,544

Correct answer: C

Explanation

To find the additional funding needed, we first calculate the remaining budget based on the planned completion percentage and the actual completion percentage. The correct answer, C ($991,667), reflects the necessary funds to finish the project, while the other options do not accurately account for the budget at completion versus the actual and planned expenditures.