Project Management Professional (PMP) — Question 402

A large construction project is progressing well as per the project objectives. The project manager would like to report the project's value to the project sponsor and seek the next phase of funding closure.
What should the project manager do?

Answer options

• A. Ensure a measurement system is in place like earned value analysis (EVA) to track project value for the project sponsor
• B. Create a detailed project report on successes and challenges for the project sponsor
• C. Submit a detailed report on the cost budget vs. the cost actuals as the project sponsor will want to know more about finances
• D. Arrange a site visit to show the project sponsor the construction progress in person

Correct answer: A

Explanation

The correct answer is A because establishing a measurement system like earned value analysis (EVA) provides a quantitative assessment of project performance and value, which is crucial for funding discussions. Options B, C, and D, while useful, do not specifically focus on measuring and tracking project value, which is the primary need in this scenario.