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PGMP · Question #454

An organization initiates an innovation program to deliver exceptional performance and benefits. After the program transition plan is in place and the implementation of a benefits sustainment plan…

The correct answer is C. Conduct a cost-benefit analysis to ensure the program sponsors understand the program's. When a program faces a funding threat, the program manager must make the strongest case for continued investment. Conducting a cost-benefit analysis (Choice C) quantifies the value of the program relative to its costs, giving sponsors the financial evidence they need to justify…

Program Benefits Management

Question

An organization initiates an innovation program to deliver exceptional performance and benefits. After the program transition plan is in place and the implementation of a benefits sustainment plan starts, the program manager discovers the program may be shut down due to lack of funding. To ensure continued funding for the program, what should the program manager do next?

Options

  • AComplete the benefits sustainment plan and update the benefits register
  • BPresent a revised ROI to the program sponsors based on the remaining investment
  • CConduct a cost-benefit analysis to ensure the program sponsors understand the program's
  • DReview the program business case and the program's strategic alignment and long-term

How the community answered

(43 responses)
  • A
    12% (5)
  • B
    16% (7)
  • C
    70% (30)
  • D
    2% (1)

Explanation

When a program faces a funding threat, the program manager must make the strongest case for continued investment. Conducting a cost-benefit analysis (Choice C) quantifies the value of the program relative to its costs, giving sponsors the financial evidence they need to justify continued funding. This is more compelling than simply revising ROI (Choice B), which is narrower in scope. Choice A (completing the benefits sustainment plan) moves forward as if funding is secure and doesn't address the threat. Choice D (reviewing strategic alignment) is useful but less actionable in a funding crisis-executives need numbers, not just narrative alignment. A cost-benefit analysis directly answers the 'is this worth continuing?' question that sponsors are implicitly asking.

Topics

#Cost-Benefit Analysis#Funding Justification#Benefits Realization#Program Governance

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