Project Management Professional PMP · Free Practice Question Medium
Question 110
Benefits realization management is marked by a process where benefits are identified, defined, linked to company strategy, delivered, and wholly realized. Benefits Realization Management is not a specific process with steps, and the roles and responsibilities can change from organization to organization. In other words, there is no one right way to do it. When a company implements a process of Benefits Realization Management, what are two hallmarks of this?
- A Support by project sponsor and responsibility
- B Clear accountability and responsibility
- C Cost-benefit analysis and Value-driven culture
- D Value-driven culture and clear accountability
Reveal correct answer
Correct answer: D
Explanation
The thing that these organizations have in common is a value-driven culture and clear accountability and responsibility. Without the commitment to value and accountability, the organization will struggle to recognize, realize, and measure benefits. Organizations that implement benefits realization management have many variables; some may utilize a tool like cost-benefit analysis; some may have strong project sponsors. Since they are driven by value and have clear accountability (defined roles), the culture is primed to institute BRM.Discussion
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