2. You are in the process of developing an approximation of the monetary resources needed to complete project
work for a large-scale multinational project which will take at least seven years to complete. Your previous
projects have all been domestic with short timeframes.
As part of the process you are currently performing, what might you need to do differently compared with your
past projects?
A. Create a stakeholder engagement assessment matrix
B. Develop a more robust risk management plan
C. Consider additional enterprise environmental factors
D. Include additional organizational process assets
HINT: How might the Estimate Costs process differ with a large long-term multinational project?
Question
3. The correct answer is C.
Developing an approximation of the monetary resources needed to complete project work is the main
objective of the Estimate Costs process. Therefore, the question implies that you are conducting the
Estimate Costs process and asks how this process will be affected by a large long-term multinational
project.
Thus, the answer choices that relate to other project management processes can be eliminated as correct
responses. With the project lasting at least seven years, the impact of inflation over the course of the
project must be considered.
Additionally, since the project is international in scope, the project will likely be working with various
currencies that will be subject to fluctuations in relative values.
Answer
4. For large-scale projects that extend multiple years with multiple currencies, the fluctuations of currencies
and inflation need to be understood and built into the Estimate Costs process.
Exchange rates and inflation are considered enterprise environmental factors. Therefore, of the available
choices, considering additional enterprise environmental factors is the best response.
Answer
5. All our questions are updated to the latest
A Guide to the Project Management Body of Knowledge
(PMBOK® Guide) standard.
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