Which of the following circumstances indicates that the project is approved to move forward?1 pontoThe project sponsor and key stakeholders sign off on the project charter.The finance department approves the budget and the team members have been selected.The stakeholders state the cost of the project outweighs the value it brings to the organization.The project manager finishes the project’s deliverables and milestones.
Question
Which of the following circumstances indicates that the project is approved to move forward?1 pontoThe project sponsor and key stakeholders sign off on the project charter.The finance department approves the budget and the team members have been selected.The stakeholders state the cost of the project outweighs the value it brings to the organization.The project manager finishes the project’s deliverables and milestones.
Solution
The circumstance that indicates that the project is approved to move forward is when "The project sponsor and key stakeholders sign off on the project charter."
The project charter is a key document in project management that formally authorizes the existence of a project. It provides the project manager with the authority to apply organizational resources to project activities. When the project sponsor and key stakeholders sign off on the project charter, it signifies their agreement and commitment to the project, and that the project can proceed.
Similar Questions
Fill in the blank: A project manager needs to receive approval from stakeholders and ____ to move on to the next stage.1 pointthe project vendora team consultantthe project sponsora team member
Who of the following provides approval for a project?The project managerIndividuals with sign-off authorityKey decision makersAll stakeholders
Who of the following makes the decision as to which path to take during the closing of a project?Project sponsor and all stakeholdersProject sponsor and project managerProject sponsorProject sponsor, project manager, and key stakeholders
As a project manager, you have made a list of stakeholders and determined their interest and influence in a project. What is often the next step in a stakeholder analysis? 1 pontoAssess each stakeholder’s ability to participate and find ways to involve them Complete a budget analysis for the projectSchedule a meeting with stakeholders to introduce the teamDetermine each stakeholder’s level of influence
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