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Question:

Due to improper cost planning, your cost performance is not as planned and you are over budget. Therefore, you again estimate the cost of the project and find that you will require more money to complete the project. This will require an update of the cost baseline. What will you do?
  • Update the cost baseline
  • Raise the change request to update the cost baseline
  • Update the cost baseline and inform management
  • None of the above









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