Compliance and Business Value Flashcards

A project is delivering on time and within budget, but early user adoption data shows the product is not being used. This situation MOST likely indicates:

Answer: A benefits realization gap where delivered outputs are not producing expected outcomes

Low adoption despite on-time, on-budget delivery signals that outputs exist but expected business outcomes (benefits) are not materializing.

Which compliance approach is MOST appropriate when a project operates across multiple countries with differing local regulations?

Answer: Identify the applicable regulations per jurisdiction and design compliance to the most stringent applicable standard

Meeting the most stringent applicable standard ensures compliance in all jurisdictions and reduces regulatory risk.

A project manager is preparing a post-project review. Which outcome BEST proves the project delivered business value?

Answer: The organization achieved the revenue increase forecasted in the business case

Achieving the forecasted strategic outcome (revenue increase) directly validates the business case and confirms value delivery.

An organization's PMO requires all projects to submit a monthly compliance status report. The project manager is too busy to complete it this month. The BEST action is to:

Answer: Delegate the report to a team member while ensuring accuracy before submission

Delegating the report while maintaining oversight ensures the governance requirement is met even during high-workload periods.

A project's approved business case assumed a 15% cost reduction from automation. Three months before go-live, the technical team reports the automation will only achieve 8%. The project manager should:

Answer: Update the business case, reassess project viability, and present the revised figures to the sponsor

The sponsor must be informed of material changes to the business case so they can make an informed investment decision.

In the PMBOK context, who is PRIMARILY responsible for ensuring a project continues to have a valid business justification throughout its life cycle?

Answer: The project sponsor

The project sponsor owns the business case and is primarily accountable for ensuring the project continues to justify its investment.

A regulatory body issues a surprise on-site inspection during project execution. The project manager should FIRST:

Answer: Notify the project sponsor and legal/compliance department immediately

Immediately notifying the sponsor and legal/compliance function ensures the organization can respond appropriately to the regulatory inspection.