A Team Member Has Finalized a Discussion with the Board

question 408

Multiple Choice

A team member has finalized a discussion with the board of directors, but the Chief Financial Officer (CFO) is complaining about the large amount of money the project requires. Which of the following is the BEST change control process to follow?

• A) Identify, implement, approve, evaluate, validate, update, communicate
• B) Identify, evaluate, approve, implement, validate, update, communicate
• C) Identify, approve, evaluate, implement, validate, update, communicate
• D) Identify, validate, evaluate, approve, implement, update, communicate

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Definitions:

Delegation

The act of assigning responsibility or authority to another person to carry out specific duties.

Third-Party Beneficiary

An individual or entity that, while not a direct party to a contract, is intended by the contracting parties to benefit from it.

Novation

The act of replacing an existing contract with a new one, involving a different obligation or party.

Assignment

The transfer of rights, property, or obligations from one party to another, often used in contracts or financial transactions.