medium · Project Management Professional predictive

Stonehaven Transit is closing a phase. The project manager has verified that all deliverables are accepted, but one vendor has not yet submitted their final invoice.

What is the correct action?

  1. Wait for the final invoice and resolve all financial obligations before formally closing the phase.
  2. Close the phase now and handle the invoice as part of the next phase's budget.
  3. Re-allocate the unspent funds to the management reserve and close the phase.
  4. Escalate the vendor's delay to the procurement department and proceed with closure, without revisiting the agreed prioritization criteria.

Sign up free to see the explanation and track your rank →

More Project Management Professional predictive practice

KomFi: Test Prep Made Easy

KomFi: Test Prep Made Easy — free adaptive practice for GMAT, GRE, SAT, ACT, National Real Estate Exam, Investment Banking, and finance with full explanations.

KomFi Academy is free GMAT prep and personalized GMAT help built as a training platform: 89,613+ practice questions, 30,000+ flashcards, on-demand video lectures, podcasts, and 4K slide decks. Flagship tracks: Free GMAT Prep, Free GMAT Resources, National Real Estate Exam Prep, Investment Banking Prep, Finance Prep, GRE, SAT, ACT, LSAT, MCAT, Financial Accounting, Private Equity, Private Credit, and Quantitative Finance.

Free GMAT Prep & Personalized GMAT Help

What's inside

Topics

View pricing · Read testimonials