ExamTopics Logo
Mail Us[email protected]
Menu
Pmi Discussions
exam questions

Exam PgMP All Questions

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

Exam PgMP topic 1 question 394 discussion

Actual exam question from PMI's PgMP
Question #: 394
Topic #: 1
[All PgMP Questions]

A program manager initiates a developmental program. Significant resources and funding are required for early activities until the program cost and budget estimates are complete.
What should the program manager do to understand the financial environment?

  • A. Map costs to the expected benefits realization.
  • B. Establish intermediate budget based on historical information.
  • C. Establish program financial framework.
  • D. Obtain intermediate funding from the executive sponsor.
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️
by snow5 at Sept. 1, 2021, 8:11 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
happykaur
8 months ago
Selected Answer: C
Key is understanding the financial environment
upvoted 1 times
...
[Removed]
10 months, 1 week ago
Selected Answer: C
C. Establish program financial framework. The financial framework is a high-level initial plan for coordinating available funding, determining constraints, and determining how funding is allocated. This framework is crucial for managing the financial environment of the program because it defines and describes the funding flows, ensuring that money is spent efficiently. Establishing this framework involves understanding the unique needs of the program, the sponsor, and the funding organizations with regard to financial arrangements, as well as ensuring proactive and timely communication with key stakeholders about financial matters. This foundational step is essential before making any financial decisions or seeking additional funds.
upvoted 1 times
...
hanyulin
10 months, 2 weeks ago
Selected Answer: C
C is the right answer.
upvoted 1 times
...
ekk1983
11 months, 3 weeks ago
C is the right answer
upvoted 1 times
...
snow5
3 years, 1 month ago
C is the right answer
upvoted 2 times
...
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
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago