A project manager is new to an organization and is assigned to a project that is currently in the planning stage. Everyone involved in the project is very interested in it and they are pushing the project manager to advance it to the next stage. While reviewing the project’s various plans, the project manager found out there is no defined cost management plan.
What should the project manager do next?
A. Start project execution and use the project management plan as input for missing information.
B. Inform the sponsor and request more time to revise the cost management plan.
C. Use the work breakdown structure (WBS) to estimate the cost of the activities based on previous experience.
D. Review the project charter to develop the cost management plan.
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