You’ve been assigned to a new project but it is quickly terminated during the initiation phase due to a lack of funds. Now you have to close the project. What is the first action you should take?
A. Inform all stakeholders that they must follow the communications management plan
B. Follow the organization’s project closure guidelines
C. Assess the possible impace of end the project with a risk analysis
D. End all procurement processes for the project
B. The project is terminated, this is all you can do. Formally shutting down the project is important.