Your five-year organizational transformation program is entering the closure phase. All component projects are finished, and you must obtain governance approval for formal financial closeout next week. To demonstrate that every vendor payment, internal charge, and budget transfer is settled and traceable, which action should you prioritize before submitting the closure package to the steering committee?
Archive all program financial records in the organization's repository for future audits.
Reconcile the final program ledger to produce a detailed statement of accounts and variance explanations, confirming all expenditures and obligations are closed.
Secure executive sign-off on the program's benefits sustainment plan and funding commitments.
Obtain legal confirmation that all procurement contracts have been formally closed out.
The final program ledger reconciliation produces a detailed statement of accounts and variance explanations, confirming that every cost is captured and every contractual payment or internal charge is cleared. Without this reconciliation, the program manager cannot certify that the budget is closed or issue the required financial closing statements, a prerequisite for governance sign-off.
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How does financial reconciliation differ from financial planning during the program lifecycle?
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PgMP
Program Life Cycle Management
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