What needs to happen before moving from Stage 1 to Stage 2?

• A. Sign off from legal
• B. Completing the FM and the FM form
• C. Completing the NDA
• D. Submitting a tax return

Answer: (B)

Moving from Stage 1 to Stage 2 hinges on having the formal documentation complete and ready for review. The FM and the FM form are the required records that capture essential project details, risk assessments, and approvals needed to proceed. When these are filled out and approved, it shows the team has gathered and validated the necessary information, and the project is cleared to advance to the next stage.

Other items like a legal sign-off, an NDA, or a tax return don’t typically serve as the gating item for this transition. Legal sign-offs may come later or be part of a different gate, an NDA is usually handled earlier in the process or as a separate prerequisite, and a tax return is not part of the internal stage progression.