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In the Initiating Process Group, at what point does the project become officially authorized?
A. When the project charter is signed
B. When all the stakeholders agree on the scope of the project
C. When the project manager is appointed
D. When the necessary finance or funding is obtained
Correct Answer: A
Explanation/Reference:
Explanation:
3.3 Initiating Process Group
The Initiating Process Group consists of those processes performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase. Within the Initiating processes, the initial scope is defined and initial financial resources are committed. Internal and external stakeholders who will interact and influence the overall outcome of the project are identified. If not already assigned, the project manager will be selected. This information is captured in the project charter and stakeholder register.
When the project charter is approved, the project becomes officially authorized.
Process: 4.1. Develop Project Charter
Definition: The process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
Key Benefit: The key benefit of this process is a well-defined project start and project boundaries, creation of a formal record of the project, and a direct way for senior management to formally accept and commit to the project.
Inputs
1.Project statement of work
2.Business case
3.Agreements
4.Enterprise environmental factors
5.Organizational process assets
Tools & Techniques
1.Expert judgment
2.Facilitation techniques
Outputs
1.Project charter
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