Project Management Professional (version 2023)

Question 177 of 200

Review

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?

Ensured the stakeholder anticipated obstacles to achieving financial closure on the remaining funds.

Ensured the stakeholder who was providing additional funds remained interested in the project.

Ensured the project team monitored and reviewed the project risk register periodically.

Ensured the risk was adequately assessed and mitigated by the appropriate stakeholders.

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