EXIN Dynamic Project Management Method Project Manager Practice Questions - EXIN Dynamic Project Management Method Project Manager Certification Exam

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A DPMM project has an approved cost target tolerance of +5% and a time target tolerance of +2 weeks. Midway through Stage 2, unforeseen regulatory compliance requirements increase projected costs by 12%, while the schedule remains on track. What is the correct action for the Project Manager?

Raise an exception to the Project Board, because the cost tolerance (+5%) is breached even though time remains within tolerance. Absorb the financial overrun silently by transferring funds from the quality assurance budget without notifying the Project Board. Immediately halt all project work and cancel the project without conducting an exception evaluation. Unilaterally expand the project schedule by three months to lower monthly expenditure rates.

Correct Answer:

Raise an exception to the Project Board, because the cost tolerance (+5%) is breached even though time remains within tolerance.

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