Question

A project has just received a signed charter authorizing it to begin. The sponsor asks the project manager what the immediate next step should be before any deliverable work is started. Which action best represents the correct transition from initiation into the next phase?

Accepted Answer

Develop the detailed project management plan, including scope, schedule, budget, resource, and risk components

Answer

Begin building the first deliverable so the team can demonstrate early progress to the sponsor

Answer

Conduct the feasibility study to confirm the project is viable before committing resources

Answer

Hold the closure meeting to capture lessons learned from the initiation phase