PK0-005 · Question #245
The quarterly financial report displays losses from a project even though the project was completed successfully several weeks ago. Which of the following actions should the project manager perform…
The correct answer is B. Complete the project sign-off. Losses appearing in the financial report for a completed project indicate that the project was never formally closed. Without a formal project sign-off, the project's financial accounts remain open, allowing costs to continue being charged to it - which would explain the…
Question
The quarterly financial report displays losses from a project even though the project was completed successfully several weeks ago. Which of the following actions should the project manager perform next?
Options
- ARemove access.
- BComplete the project sign-off.
- CRelease the resources.
- DOutline the lessons learned.
How the community answered
(43 responses)- A2% (1)
- B84% (36)
- C9% (4)
- D5% (2)
Explanation
Losses appearing in the financial report for a completed project indicate that the project was never formally closed. Without a formal project sign-off, the project's financial accounts remain open, allowing costs to continue being charged to it - which would explain the ongoing losses. Completing the project sign-off (formal closure) finalizes all project accounts, stops further charges, and officially closes the project in the financial system. Removing access (A), releasing resources (C), and documenting lessons learned (D) are also closure activities, but they are dependent on or follow the formal sign-off, making B the most immediate and corrective next step.
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