Which are reasons for a benefits management approach?
1. To state how improvements will be measured
2. To confirm that the benefits are realized
3. To estimate the costs of improvement
4. To define the reason for delivering the improvement
Which are reasons for a benefits management approach?
1. To state how improvements will be measured
2. To confirm that the benefits are realized
3. To estimate the costs of improvement
4. To define the reason for delivering the improvement
A benefits management approach is designed to state how improvements will be measured and to confirm that the benefits are realized. This is important to ensure that projects deliver their intended outcomes and that these outcomes are quantifiable. Additionally, the benefits management approach defines the reason for delivering the improvement, which helps to align the project with organizational goals. Estimating the costs of improvement is not typically within the scope of a benefits management approach but falls under cost management or financial planning.
Definitely, A is correct - The benefits management approach defines the management actions that will be put in place to ensure that the project's outcomes are achieved and to confirm that the project's benefits are realized. reference prince2 guide - 6.2.3
In addition A.1.2 states that the scope of the benefits management approach covering what benefits are to be managed and measured and • how to measure achievement of expected benefits, and when they can be measured
A not B
Should be A, according to the chapter A.1.2
definitely, A is the correct answer
Ok, so what is it? I choose A. But for a PAID site these errors are not OK. Out dated questions because a new revision NOT OK!
a: Let's look at why the other options are less central: 3. To estimate the costs of improvement: While cost estimation is part of the overall business case, it's not the primary focus of benefits management. Benefits management emphasizes the value created, not just the cost. 4. To define the reason for delivering the improvement: This is closely related to the project's objectives and the business case, which should already exist. Benefits management focuses on how those improvements will be measured and confirmed. Key takeaway: A benefits management approach is essential for ensuring that projects deliver real value and achieve their intended outcomes. It's about defining how benefits will be measured and confirming their realization throughout the project lifecycle.
Management product: Benefits management approach The purpose of the benefits management approach is to ensure that the project’s outcomes are achieved and to confirm that the project’s benefits are realized. Benefits measurement: describes how to measure achievement of expected benefits, when they can be measured, and the baseline measures from which the improvements will be calculated
answer is A
The correct answer is: A. 1 and 2 Explanation: A Benefits Management Approach in PRINCE2 outlines how and when a project’s benefits will be measured and confirmed. It helps ensure the project delivers value beyond just outputs. The reasons for having a benefits management approach include: 1. To state how improvements will be measured You must define what benefits are expected and how you will know they’ve been achieved. 2. To confirm that the benefits are realized After the project, someone (often the business or operations) must follow up and verify that benefits actually occurred.