Task 2: Evaluate and deliver project benefits and value

A project delivers a new CRM software (Output). The sales team uses the software to track leads more effectively (Outcome). As a result, revenue increases by 15% (Benefit).<br/><br/>Which of these should the project manager PRIMARILY track to demonstrate the project's success to the business stakeholders?

A project is nearing closure. The project manager is working to ensure that the benefits identified in the business case will be sustained after the project team disbands.<br/><br/>Which TWO actions are MOST critical for the project manager to take? (Select TWO)

A project manager is evaluating two potential projects to recommend to the steering committee. <br/>Project A has an Internal Rate of Return (IRR) of 12% and a Payback Period of 3 years.<br/>Project B has an IRR of 18% and a Payback Period of 4 years.<br/>The organization's strategy is currently focused on maximizing long-term profitability over liquidity.<br/><br/>Which project should be recommended?

An Agile team is developing a new e-commerce site. The backlog is prioritized by business value. The Product Owner wants to release a Minimum Viable Product (MVP) to the market as soon as possible.<br/><br/>What is the PRIMARY strategic purpose of this MVP approach in the context of value delivery?

A project manager is selecting a financial metric to evaluate a project's value. The organization wants to know the present value of all future cash flows minus the initial investment.<br/><br/>Which metric should be used?

A project manager is creating a Benefits Management Plan. <br/><br/>Which of the following components MUST be included to ensure accountability?

A project is using an incremental delivery approach. The first increment was released, but the stakeholders are complaining that they do not see the value yet. The project manager reviews the release and confirms it met all functional requirements.<br/><br/>What is the MOST likely cause of this issue?

A project manager is establishing a measurement system to track the benefits of a new marketing campaign project. The goal is to increase brand awareness.<br/><br/>Which TWO actions should the project manager take to ensure the measurement system is effective? (Select TWO)

A project to automate a factory line will increase production speed by 50% (Benefit). However, it will also result in the layoff of 20 employees, which will negatively impact the company's reputation in the local community.<br/><br/>What is the term for this negative impact?

A project manager is calculating the time it will take for the project's cumulative benefits to equal the initial investment. What is the name of this financial metric?

A project manager is presenting the project's progress to the steering committee. The project is on schedule and under budget, but the key stakeholder is unhappy because the market has shifted and the deliverables are no longer seen as competitive.<br/><br/>What did the project manager fail to do?

A project manager is closing a project that implemented a new employee training portal. The benefits management plan states that the primary benefit is 'Improved Employee Retention'.<br/><br/>When should this benefit be measured?

A non-profit organization initiates a project to raise awareness about clean water. The primary value is 'Social Impact', which is intangible.<br/><br/>How should the project manager approach the measurement of this value?

A project manager is evaluating delivery options to demonstrate value. The organization needs to see a return on investment as quickly as possible to fund future phases.<br/><br/>Which delivery approach is BEST suited for this need?

A project manager is reviewing the project charter. The charter states the project's goal is to 'Improve Customer Satisfaction'. However, the project scope only includes 'Upgrading the Server Hardware'.<br/><br/>What is the misalignment here?