Project Management Professional (PMP) — Question 1172

A project manager has been assigned to a new project that will be delivered using an agile framework. The sponsor is asking for a cost estimation to build the business case.
What should the project manager do?

Answer options

• A. Ensure the client representative is involved in the estimation.
• B. Ensure that a 20% contingency is included in the estimation.
• C. Review the completion costs of similar projects.
• D. Review the lessons learned from similar projects.

Correct answer: C

Explanation

The correct answer is C, as reviewing the completion costs of similar projects provides a realistic benchmark for estimating costs. Options A and B focus on involvement and contingency planning, which are important but do not directly inform cost estimation. Option D, while useful for improving future projects, does not directly aid in providing a cost estimate for the current project.