Recording Resource Costs
Question
It is now late October and the project is in stage 3
The label design competition has been held and the photos of the staff have been taken.
The CEO and Marketing Director still need to choose the winning label design and the 12 photos for the calendar.
However, the Executive has learned that two competitors are issuing calendars to MNO's customers by the middle of November.
After analyzing the impact of this Issue, one of the options the Project Manager has presented to the Project Board is to close the project prematurely.
There are a number of key facts relating to this project that would need to be recorded if the project Y-e to be closed now.
Which product should show that if anybody has any remaining resource costs to be charged to the project, they should ensure this is done by 10 November?
Answers
Explanations
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A. B. C. D.D.
Based on the scenario provided, the project is in stage 3, and there is an issue of two competitors issuing calendars to MNO's customers by the middle of November. The project manager has presented an option to close the project prematurely, and there are some key facts that need to be recorded if the project is to be closed now. One of these key facts is that if anybody has any remaining resource costs to be charged to the project, they should ensure this is done by 10 November.
Given this situation, the most appropriate product that should show that anyone with remaining resource costs to be charged to the project should ensure this is done by 10 November is the Project Closure Notification (D). The Project Closure Notification is an essential document that formally announces the closure of the project to all stakeholders. It includes a summary of the project's achievements, the reasons for its closure, and any outstanding issues that need to be resolved.
One of the critical components of the Project Closure Notification is the project's financial closure. This includes ensuring that all remaining resource costs are charged to the project. Therefore, the Project Closure Notification should clearly state that anyone with outstanding resource costs must ensure that they are charged to the project by 10 November. This will ensure that all costs are accounted for and that the project can be closed appropriately.
The other options listed, such as the Benefits Review Plan (A), End Project Report (B), and Follow-on Action Recommendations (C), are also essential project documents but do not address the specific requirement to ensure all remaining resource costs are charged to the project by 10 November. The Benefits Review Plan is a document that outlines how the project's benefits will be measured and realized, the End Project Report summarizes the project's overall performance, and the Follow-on Action Recommendations identify any actions that need to be taken after the project's closure.
In summary, if anybody has any remaining resource costs to be charged to the project, they should ensure this is done by 10 November, and this requirement should be documented in the Project Closure Notification.
