PMP Certification Executing Questions Test 3

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Question : 47 of 70

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During project execution, it is noticed that the actual expenditure is too high compared to baseline cost estimates. What should the project manager do next?

Revisit project scope and cut high-cost items.
Review assumption log to understand which cost assumptions were wrong.
Review historical data to get new cost estimates.
Update cost forecasts and discuss the options with the project sponsor.

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