PMP Practice Question 376 - Process
An oil and gas project started without having acquired full funding for the project. The remaining funds were to be acquired during project execution. The acquisition of the remaining funds was delayed several months, resulting in a suspension of work by all contractors. What should the project manager have done to prevent this from happening?
- A.Ensured the project team monitored and reviewed the project risk register periodically.
- B.Ensured the stakeholder anticipated obstacles to achieving financial closure on the 669 remaining funds.
- C.Ensured the stakeholder who was providing additional funds remained interested in the project.
- ✓ Correct D.Ensured the risk was adequately assessed and mitigated by the appropriate stakeholders.
Correct answer: D
Explanation
When a project starts without full funding and remaining acquisition is delayed, the project manager should have ensured the risk was adequately assessed and mitigated by appropriate stakeholders. Proactive risk management for funding uncertainty prevents work suspension. Monitoring the risk register periodically (A) is ongoing but not specific enough. Ensuring stakeholder anticipation of obstacles (B) is helpful but indirect. Maintaining stakeholder interest (C) does not mitigate the financial risk.
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