A program has unpaid invoices and incomplete reconciliations. Additional funds remain, and stakeholders are asking for a final update. Which action is BEST to ensure that all financial obligations are settled appropriately?
Review all vendor contracts, match invoices to deliverables, and finalize payments upon confirming scope completion.
Suspend future payouts until sponsor approval is granted for outstanding expenses and verify the completeness of deliverables.
None of these
Reallocate extra funds to other programs and address remaining vendor invoices in the next financial cycle review.
Verifying every contract and matching invoices to services or products delivered is essential to confirm that vendors have fulfilled all obligations. This method ensures that the program pays for completed work, avoiding misallocation of funds and finalizing financial responsibilities. Alternative choices either delay reviewing vendors’ deliverables or shift critical finance tasks to future cycles, increasing the chance of leaving unsettled liabilities.
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PgMP
Program Life Cycle Management
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