The Anticipated Funding Level for an Approved Project Was Reduced

question 296

Multiple Choice

The anticipated funding level for an approved project was reduced. The sponsor has met with the project manager to identify several scope reductions. Which of the following is the NEXT step the project manager should take?

• A) Update the documentation.
• B) Implement the change.
• C) Close the project.
• D) Evaluate the impact.

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Definitions:

Economic Recovery

Economic recovery is a period of increasing business activity signaling the end of a recession or economic downturn. The process involves growth in GDP, employment, and consumer spending.

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The cost per barrel of crude oil as determined by global supply and demand dynamics, geopolitical stability, and production decisions of oil-producing nations.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

Reaganomics

The economic policies promoted by U.S. President Ronald Reagan during the 1980s, characterized by tax cuts, reduced social spending, increased military spending, and deregulation of domestic markets.