Which are reasons for a benefits management approach?
1. To state how improvements will be measured 2. To define when negative outcomes will be measured 3. To estimate the costs of improvement 4. To define the reasons for delivering the improvement
The Benefits Management Approach must include information on the expected timeline for these benefits, i.e., when the benefits can be expected and measured, and who will gather the information.
A is correct; Let's look at why the other options are less central:
3. To estimate the costs of improvement: While cost estimation is important for 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 reasons 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 (and any negative outcomes) will be measured and managed.
The correct answer is:
D. 1 and 4
Explanation: A Benefits Management Approach in PRINCE2 is created to:
State how improvements will be measured: It ensures that the benefits of the project are measurable, providing a way to track whether the expected improvements are achieved.
Define the reasons for delivering the improvement: It explains why the project is being undertaken and the expected benefits from those improvements, ensuring that the project remains aligned with business objectives.
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