A technology program has reached a critical expansion milestone. The sponsor hesitates to approve the next funding cycle, citing budget constraints and unclear returns. Which action is most effective for the program manager to secure the sponsor’s approval?
Develop a phased financial model with cost projections and stakeholder sign-offs before requesting new funds
Adopt a vendor estimate for rapid sponsor review
Postpone cost assessments until the expansion is launched
Developing a phased funding and benefits forecast clarifies cost, schedule, and returns, which encourages the sponsor to grant necessary resources. Phased planning and stakeholder reviews show readiness for resource allocation. Accepting sponsor changes to retain approval can lead to significant scope or cost issues. Postponing cost assessments until later increases risk. Adopting a vendor estimate for rapid sponsor review may ignore alternate scenarios and needed flexibility.
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PgMP
Strategic Program Alignment
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