Which of the following is an output of “Managing the Tranches”?
  1. Next tranche prepared
  2. Next tranche approved
  3. Next tranche defined
  4. Next tranche initiated
Explanation
Answer - A - “Next tranche prepared” is an output of “Managing the Tranches.”

Key Takeaway: As the programme progresses, there is increasing clarity about the way forward. Preparation for the next tranche occurs at the end of each tranche.
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