New funding was released for a project. Which of the following roles is MOST likely responsible for reviewing and updating the budget?

The correct answer is B. Project manager. The project manager is responsible for day-to-day management of the project budget, including reviewing and updating it when new funding is released. While the project sponsor may authorize or approve funding, the project manager is accountable for budget tracking, adjustments…

Project management concepts

Question

Options

AProject sponsor
BProject manager
CProject coordinator
DProject scheduler

How the community answered

(32 responses)

B
94% (30)
C
3% (1)
D
3% (1)

Explanation

The project manager is responsible for day-to-day management of the project budget, including reviewing and updating it when new funding is released. While the project sponsor may authorize or approve funding, the project manager is accountable for budget tracking, adjustments, and reporting. The project coordinator handles administrative and communication tasks, and the project scheduler focuses on timelines. Budget management - including incorporating new funding into the baseline - falls squarely within the project manager's responsibilities.

Topics

#project manager role#budget management#project roles#funding

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