A project manager is closing a project and preparing to hand it over to the operations team. During handover, a delayed invoice was submitted with a higher-than- planned cost against the project work. Consequently, project handover was delayed and the project's reported completion costs were increased.
What should the project manager have done to avoid this situation?
- Notified all vendors about the invoicing and nonpayment deadlines
- Reviewed the total committed cost against the cost invoiced at project closing
- Involved the finance team and discussed the issue with the vendor
- Captured and reviewed all of the project work and related costs regularly
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