A project sponsor is trying to use the ROI to determine if the project should be approved. Which of the following best describes what the project sponsor needs?

The correct answer is C. A description of the value that the project will bring to the company after the investment. Return on investment focuses on the expected value and financial benefits gained after committing resources to a project, helping the sponsor determine whether the projected benefits justify the investment.

Project Management Concepts

Question

Options

AAn analysis of the current situation and the desired outcome
BA document with the description of project deliverables and vendor's responsibilities
CA description of the value that the project will bring to the company after the investment
DAn analysis of the costs related to normal operations of the company

How the community answered

(27 responses)

A
7% (2)
B
4% (1)
C
89% (24)

Explanation

Return on investment focuses on the expected value and financial benefits gained after committing resources to a project, helping the sponsor determine whether the projected benefits justify the investment.

Topics

#Return on Investment (ROI)#Project Approval#Project Justification#Project Sponsor

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