An innovation project with a budget of over US$30 million is expected to have a large impact on the technology industry. The business area is concerned if the project will meet stakeholder expectations and raised this concern with the project manager.
What should the project manager do to manage business concerns and expectations before starting the project?
To manage business concerns and expectations before starting the project, the project manager should request that the project team develop a release plan and roadmap for the project. This approach allows for a clear outline of the project's timeline, milestones, and deliverables, which can help in managing stakeholder expectations effectively. It provides a visual representation of the project’s progress and establishes a structured plan that communicates how the project will be executed to meet its objectives and goals.
A is the correct answer
B. Ask the product owner to prioritize the backlog items based on the return on investment (ROI). The project manager needs to clarify the business's expectations and concerns. This involves understanding what success looks like for the stakeholders, which can often be measured in terms of return on investment (ROI).