Program Management Professional (PgMP) — Question 356

A program manager initiates a developmental program. Significant resources and funding are required for early activities until the program cost and budget estimates are complete.
What should the program manager do to understand the financial environment?

Answer options

• A. Map costs to the expected benefits realization.
• B. Establish intermediate budget based on historical information.
• C. Establish program financial framework.
• D. Obtain intermediate funding from the executive sponsor.

Correct answer: C

Explanation

The correct answer is C because establishing a program financial framework provides a comprehensive structure for managing costs, budgets, and financial planning. Options A and B focus on specific aspects of costs and historical data but do not address the overall financial management needed. Option D, while helpful for immediate funding, does not help in understanding the broader financial environment necessary for long-term program success.