Your program has just been chartered during the program initiation process. Your program also needs to create three program statements. Which program statement defines how your program will manage tra

The correct answer is A. Value. The Value statement defines how the program will manage tradeoffs, competing objectives, and decisions made at both the program and organizational level. It communicates the program's worth and guides priority decisions. The Vision statement (B) describes the desired future state

Strategic Program Management

Question

Your program has just been chartered during the program initiation process. Your program also needs to create three program statements. Which program statement defines how your program will manage tradeoffs, competing objectives, and program and organization decisions?

Options

AValue
BVision
CScope
DMission

How the community answered

(59 responses)

A
92% (54)
B
5% (3)
C
2% (1)
D
2% (1)

Explanation

The Value statement defines how the program will manage tradeoffs, competing objectives, and decisions made at both the program and organizational level. It communicates the program's worth and guides priority decisions. The Vision statement (B) describes the desired future state the program aims to achieve. The Mission statement (D) defines the program's purpose. The Scope statement (C) defines what is and is not included in the program. When conflicting priorities must be resolved, the Value statement is the guide.

Topics

#Program Initiation#Program Statements#Value Statement#Tradeoff Management

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