Project Management

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Muzammil Baig, MS(PM), PMP, PMI-RMP Lead Planner| Bechtel Jubail, Saudi Arabia
A program manager is working with executives on listing the assumptions about the market opportunity, and the costs needed to realize it. Accordingly, they are calculating the financial risk-return profile. Which phase of the program are they working on?
a)Program formulation
b)Component planning and authorization
c)Program preparation
d)Program initiation
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RAJESH K L Project Manager, PMP| Bharat Electronics, Bengaluru, India Bengaluru, Karnataka, India
d)Program initiation
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Dinah Young Project Manager / Software Asset Manager| Prince William County Springfield, Va, United States
I agree with d).
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Wissam Al Zahab Planning
Program formulation is the first sub phase of Program definition. Initial studies and estimates, initial risk assessments, program charter and program roadmap are developed at this phase.
Therefore the correct answer is:
a) Program formulation.
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Muzammil Baig, MS(PM), PMP, PMI-RMP Lead Planner| Bechtel Jubail, Saudi Arabia
The program manager is working on the preparation of the business case which is more related to option a) Program formulation. Agree with "Mr. Wissam Al Zahab"

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