PMP micro learning videos Series - PMP Free Question 10: Approval of project charter

List of all PMP® Resources of iZenbridge, blog, slides, video, and files. All in one place now
seema.sonkiya
Expert
Expert
Posts: 2579
Joined: Fri Jul 11, 2014 11:57 am

PMP micro learning videos Series - PMP Free Question 10: Approval of project charter

Fri Mar 01, 2019 6:50 am

The video starts with the question :

Your project needs the purchase of equipment which has two months lead time and this equipment is critical for your project work. The project charter approval will take one-month time. What should you do?

A. Go ahead and order the equipment
B. Speedup the Project Charter approval process
C. Raise a risk that this will delay the project
D. Share this with stakeholders and explore alternatives
Let's explore

Option A. Go ahead and order the equipment
The project manager only gets an authority to commit organization funds when he has an approved project charter.

Option B. Speedup the Project Charter approval process
Speeding up the project charter process is an option, from the question and the option, it is not clear how much this can speed up if it only gets speed up by one week we are still wasting three weeks for getting the equipment.

Option C. Raise a risk that this will delay the project
This is a valid option, adding this risk in the project charter can help stakeholder in identifying options.

Option D. Share this with stakeholders and explore alternatives
The project manager is expected to facilitate many meetings to assist the project charter preparation. Making stakeholders aware of the issue related to the purchase of equipment and exploring alternatives is a good idea.

Watch this video for the correct answer.

To Get Best Online PMP Program Visit:
https://www.izenbridge.com/pmp/online-course/

Return to “PMP® Resources”

Who is online

Users browsing this forum: No registered users and 1 guest