A project manager is leading a multiyear project. Near the end of the first year, the project manager checks to see if the whole budget allocated for the year will be used. Some features utilizing this year's budget were added later in the year as change requests, but these features will not be ready by the end of the first year.
What should the project manager do?

Question

A project manager is leading a multiyear project. Near the end of the first year, the project manager checks to see if the whole budget allocated for the year will be used. Some features utilizing this year's budget were added later in the year as change requests, but these features will not be ready by the end of the first year.

What should the project manager do?

gayathri devi · Accepted Answer

Provide an update to the financial department regarding the status of the time line of the project.

gayathri devi · Answer

Ask the team to test partially ready features and check if payment can be authorized with a signed formal acceptance.

gayathri devi · Answer

Authorize payment for the features ready this year and for the features planned for the following year that are now ready.

gayathri devi · Answer

Approach the product owner and the financial department to create a new nonbinding contract without fixed deliverables.

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