Question 1 of 30
In a project management scenario, a project manager is tasked with implementing a new customer relationship management (CRM) system for a mid-sized company. The project is expected to take 6 months and has a budget of $150,000. The project manager decides to use an Agile methodology to allow for flexibility and iterative development. After the first iteration, the team realizes that the initial requirements were not fully understood, leading to a significant change in scope. If the project manager decides to allocate an additional 20% of the original budget to accommodate these changes, what will be the new total budget for the project?
$180,000
$150,000
$120,000
$200,000

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