Welcome to ExamTopics
ExamTopics Logo
- Expert Verified, Online, Free.
Mail Us[email protected]
Menu
Pmi Discussions
exam questions

Exam PMP All Questions

View all questions & answers for the PMP exam
Go to Exam

Exam PMP topic 1 question 916 discussion

Actual exam question from PMI's PMP
Question #: 916
Topic #: 1
[All PMP Questions]

A project manager is leading a multiyear project. Near the end of the first year, the project manager checks to see if the whole budget allocated for the year will be used. Some features utilizing this year's budget were added later in the year as change requests, but these features will not be ready by the end of the first year.

What should the project manager do?

  • A. Ask the team to test partially ready features and check if payment can be authorized with a signed formal acceptance.
  • B. Authorize payment for the features ready this year and for the features planned for the following year that are now ready.
  • C. Approach the product owner and the financial department to create a new nonbinding contract without fixed deliverables.
  • D. Provide an update to the financial department regarding the status of the time line of the project.
Show Suggested Answer Hide Answer
Suggested Answer: D 🗳️
by Abdelmonm at Jan. 10, 2024, 5:09 a.m.

Comments

Chosen Answer:
This is a voting comment (?) , you can switch to a simple comment.
Switch to a voting comment New
Submit Cancel
victory108
1 week, 3 days ago
Selected Answer: D
D. Provide an update to the financial department regarding the status of the time line of the project
upvoted 1 times
...
517f9da
6 months, 1 week ago
Selected Answer: D
D. Provide an update to the financial department regarding the status of the time line of the project. Explanation: Updating the financial department about the status of the project ensures transparency and allows for informed decisions about budget allocation and adjustments. This communication helps align financial planning with the project's actual progress and future needs.
upvoted 1 times
...
UppersquareCapital
10 months, 2 weeks ago
Selected Answer: D
Option D is the most appropriate because it involves keeping the relevant stakeholders informed about the progress and potential impacts on the budget. The project manager should provide updates on the project's status, including the fact that some features planned for the first year will not be ready as initially expected. This allows the financial department to make informed decisions regarding budget allocation and financial planning for the subsequent years of the project.
upvoted 1 times
...
Abdelmonm
10 months, 2 weeks ago
Selected Answer: D
Option D is the most appropriate choice. When there are changes to the project scope or features that affect the budget allocation for the year, it's important to communicate this information to the financial department. The project manager should provide an update on the project timeline and discuss any adjustments needed in the budget planning.
upvoted 1 times
...

Get IT Certification

Unlock free, top-quality video courses on ExamTopics with a simple registration. Elevate your learning journey with our expertly curated content. Register now to access a diverse range of educational resources designed for your success. Start learning today with ExamTopics!

Start Learning for free
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel