A project manager must write a proposal that includes overall cost estimates for a new project. The only information that the project manager has received is that the prior project with the customer failed due to lack of funding during the implementation stage.
What should the project manager do next to mitigate risk?
A. Review the lessons learned repository to understand why the prior project failed.
B. Choose the appropriate cost estimating method and add contingency to cover overruns based on the previous project.
C. Increase the contingency reserve to avoid cost overruns during the implementation stage.
D. Review all project documents related to cost/budget assumptions prior to estimating costs.
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