Project Benefits and Value Delivery Flashcards
7 cards from real PMBOK practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Project Benefits and Value Delivery flashcards as text
An agile team delivers incremental product releases every two weeks. How does this approach affect benefits realization compared to a single large delivery?
Answer: It enables earlier and more frequent realization of partial benefits
Incremental delivery allows stakeholders to begin realizing value from early releases while the project continues, accelerating the overall benefit timeline.
A project manager is reviewing the benefits management plan and notices no 'disbenefits' are listed. Why is identifying disbenefits important?
Answer: Disbenefits are negative consequences that reduce net value and must be weighed against benefits to assess true project worth
Disbenefits are unintended negative effects of a project (e.g., disruption to other teams) that reduce net organizational value and should be explicitly managed.
A project delivers a customer portal (output) that reduces inbound call volume by 30% (benefit). The sponsor now wants to shut down a call center. This next step is best described as:
Answer: An organizational change that extends beyond the project, enabled by the project's benefits
Shutting down the call center is an organizational decision made possible by the realized benefit; it occurs in operations, not within the project's scope.
Which scenario represents a 'benefit' rather than an 'output' or 'outcome'?
Answer: A 25% increase in annual revenue attributable to improved sales pipeline visibility
A measurable improvement in a key organizational metric (revenue) that results from using the project's deliverables is a benefit in the PMBOK value chain.
A portfolio manager must choose between two projects with equal costs. Project A has an IRR of 18%; Project B has an IRR of 12%. What does this suggest about Project A?
Answer: Project A generates a higher return on investment relative to its cost
A higher Internal Rate of Return (IRR) indicates Project A produces greater financial value per dollar invested, making it the more attractive choice on a return basis.
During a phase gate review, the governance board finds that projected benefits have declined from $2M to $800K due to market changes. The project cost is $750K. What should the board do?
Answer: Re-evaluate considering revised NPV, strategic fit, and alternatives before deciding
Phase gate reviews require a holistic re-evaluation of the business case, including revised NPV, strategic alignment, and alternatives—not an automatic continue or stop.
A project manager includes a 'benefits realization schedule' in the project management plan. This schedule should align with:
Answer: The operational milestones when benefits are expected to materialize and be measurable
A benefits realization schedule maps expected benefit materialization to operational milestones, many of which occur after project closure during normal business operations.