PMP Questions ID 4095 how will you know that business value is being achieved

Select one

By measuring business value using KPIs

By requiring the project team to report on business value

By observing the work product

By asking the project sponsor

You are using an agile approach to deliver business value incrementally. What other elements of business value should you be focused on?

Select two

Examining business value throughout the project

Reporting on business value only at the end of the project

Accepting suggestions about delivering incremental business value and ensuring that business value is achieved when the project is complete

Discussing business value with the project sponsor, recording it in the project charter, and expecting project team members and stakeholders to refer to this periodically

The VP of Human Resources has requested a new timekeeping project for their machine shop workers. The business value for this project is improving payroll accuracy. The workers are threatening a strike because of the antiquated system in place now. The current system has ancient time clocks that rarely work, causing the workers to revert to paper timecards. This creates multiple errors in overtime pay and shift differential pay. Which of the following is true regarding this scenario?

Select three

The project sponsor is the one responsible for delivering the business value of this project.

Urgency is objective and is defined by the project sponsor.

The urgency to deliver this project is the potential of an impending strike.

The goals of the project must be met within the time frame outlined in the project plan in order to realize business value.

The project manager should examine business value creation and compare this to the project management documents, such as the project charter, to ensure that the goals of the project are met and the business value is realized.

Select one

Create a new car model that's never been offered before.

Implement a new accounting system.

Create goodwill.

Improve employee engagement.

A and B

You have identified, obtained contact information for, assessed, classified, and prioritized your stakeholders. Which of the following is true?

Select three

You have documented this information in the stakeholder register.

You should use caution when making some of this information available to all project stakeholders.

You have used the power/interest grid to obtain this information.

You've analyzed influence, power, interest, impact, directions of influence, and power, urgency, and legitimacy as part of the tools and techniques of the Identify Stakeholder process.

New PMP Question & Answers with explanation