Program manager B leaves the program and program manager A takes over the program responsibilities. Program manager A wants to ensure that all expected benefits of the program are realized.
What is used to assess the program cost/benefit justification?
The program business case is used to assess the program cost/benefit justification. It outlines the justification for the program, providing a detailed analysis of the expected costs and benefits. It includes a cost-benefit analysis which helps in understanding the financial and strategic rationale behind the program, making it the primary document for evaluating whether the program's benefits outweigh the costs.
cost/benefit justification belong to business case. A is correct
To assess the program cost/benefit justification, Program Manager A should refer to the Program Business Case. The Program Business Case is a document that outlines the justification for the program and provides a detailed analysis of the expected costs and benefits. It includes a cost-benefit analysis, which is a financial analysis tool used to determine the benefits provided by a project against its costs. A cost-benefit analysis is used to estimate the strengths and weaknesses of alternatives in order to determine the best alternative in terms of benefits provided. It helps the project team understand the business drivers for the future state and allows the project team to identify opportunities or problems to increase the potential value from the project outcome.
To assess the program cost/benefit justification and ensure that all expected benefits of the program are realized, program manager A should refer to: C. **Program Business Case** The Program Business Case includes the justification for the program, detailing the expected benefits in relation to the costs. It serves as a key document for understanding the financial and strategic rationale behind the program.
C is the right answer
Correct answer must be C : The business case may include details about the program outcomes, approved concept, issues, high-level risk and opportunity assessment, key assumptions, business and operational impact, cost benefit analysis, alternative solutions, financial analysis, intrinsic and extrinsic benefits, market demands or barriers, potential profits, social needs, environmental influences, legal implications, time to market, constraints, and the extent to which the program aligns with the organization’s strategic plan. The business case describes the intent and authority behind the drivers of the program and underlying philosophy of the business need. The business case also serves as a formal declaration of the value that the program is expected to deliver and a justification for the resources that will be expended to deliver it.
+ 1. C - Business case is the cost/benefit justification, not scope.
I Pick C. cost/benefit justification should be in the business case.