PM MASTERY
Free PMP Exam Practice Questions
Question 1 of 3
What is the 'cone of uncertainty' in project management?
A
A visual tool for mapping project risks and their potential impact on scope, schedule, and budget constraints
B
The concept that estimates become more accurate as the project progresses — early estimates have wide ranges that narrow as more information becomes available
C
A budgeting technique that accounts for cost variability and helps establish appropriate contingency reserves for projects
D
The ambiguity that results from having too many decision-makers involved in project planning and requirements definition
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