Exam PgMP topic 1 question 24 discussion

B is right answer. Step funding is a method of financing where funds are provided in stages or increments rather than as a lump sum. This approach is commonly used in projects, research, and startups to manage risk and ensure that funds are used effectively. Each stage of funding is typically tied to specific milestones or performance metrics, and subsequent funding is released only when these milestones are achieved.

The type of funding that management proposed for this program, where funding is provided at the completion of each milestone, is: B. Step funding Step funding involves providing funding in increments or steps, often tied to the completion of predefined project milestones. This approach allows management to review the progress of the program at each milestone and make informed decisions about continuing, modifying, or discontinuing the program based on the achieved results. It aligns funding with project progress and provides a structured way to manage financial commitments throughout the program's lifecycle.

should be C milestone Approval