Crucial Exams

PgMP Practice Question

A multinational financial-services firm is wrapping up a five-year, $80 million enterprise-modernization program. All component projects have delivered their final outputs, end-users are in production, and the sponsor wants the program formally closed within the next fiscal quarter. During a closure-preparation meeting, the finance controller reports that several purchase orders still show open commitments even though the related goods and services were received and invoiced months ago. The treasurer also reminds the team that unspent contingency funds must be returned to the corporate capital pool before year-end. According to PMI's recommended financial-closure practices, which action must the program manager take before requesting final sign-off from the governance board?

  • Submit a funding change request to roll unused contingency into next year's operational enhancement budget

  • Conduct a final enterprise risk scan to identify residual threats for escalation to the portfolio office

  • Reconcile all cost accounts, close outstanding purchase orders, and confirm that no vendor invoices or commitments remain

  • Schedule a benefits-realization workshop to update the strategic KPI dashboard for portfolio reporting

PgMP
Governance
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