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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.
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Suggested Answer: C 🗳️
by snow5 at Sept. 1, 2021, 8:11 p.m.

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happykaur
8 months, 2 weeks ago
Selected Answer: C
Key is understanding the financial environment
upvoted 1 times
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[Removed]
10 months, 3 weeks 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
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hanyulin
11 months ago
Selected Answer: C
C is the right answer.
upvoted 1 times
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ekk1983
1 year ago
C is the right answer
upvoted 1 times
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snow5
3 years, 2 months ago
C is the right answer
upvoted 2 times
...
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