Which of the following does NOT assess the value a project brings to an organization?

The correct answer is C. Value analysis. Value Analysis (C) is a technique used during project execution to reduce costs of components while maintaining their required functions - it optimizes how something is built, not whether the project is worth pursuing. It does not evaluate the project's benefit or return to the…

The Project Management Lifecycle

Question

Options

ABenefit cost analysis
BNet present value
CValue analysis
DNeeds assessment

How the community answered

(40 responses)

A
18% (7)
B
5% (2)
C
73% (29)
D
5% (2)

Explanation

Value Analysis (C) is a technique used during project execution to reduce costs of components while maintaining their required functions - it optimizes how something is built, not whether the project is worth pursuing. It does not evaluate the project's benefit or return to the organization.

The distractors all genuinely measure organizational value: Benefit Cost Analysis (A) compares expected benefits against costs to determine if a project is financially justified; Net Present Value (B) discounts future cash flows to assess the project's financial return over time; and Needs Assessment (D) identifies gaps between the current and desired state, establishing why a project is needed in the first place - directly linking it to organizational value.

Memory tip: Think of it as "scope vs. selection." Value Analysis operates inside the project (scoping deliverables cheaply), while BCA, NPV, and Needs Assessment are selection tools used to decide if a project deserves to exist at all.

Topics

#project value#benefit cost analysis#net present value#needs assessment

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