Exam CAPM topic 1 question 328 discussion

Actual exam question from PMI's CAPM

Question #: 328
Topic #: 1

A business manager wants to start a project to launch a new product and submits a business case to the Portfolio Steering Committee for review. The committee asks the manager for details about the expected business value of the project.

How can the manager document the business value for the Portfolio Steering Committee?

A. Create a presentation outlining the business benefits of the new product.
B. Execute a market study for similar products and demonstrate a market need.
C. Conduct a feasibility study to determine the business impact of the new product.
D. Prepare a benefits management plan to capture target benefits and strategic alignment.

Show Suggested Answer

Suggested Answer: D 🗳️

by Vangelis_1980 at July 30, 2024, 7:56 a.m.

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JesseChou_123

1 month, 1 week ago

Selected Answer: D

The Portfolio Steering Committee is focused on strategic alignment and value delivery. They need to understand how a proposed project supports the organization’s goals and what benefits it will provide. The Benefits Management Plan is the formal tool designed specifically for this purpose. What the Benefits Management Plan does: Identifies and defines the target benefits Explains how the project aligns with strategic objectives Describes how and when benefits will be realized Provides metrics to track benefit realization

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Vangelis_1980

1 year ago

Selected Answer: D

To document the business value for the Portfolio Steering Committee, the business manager should prepare a benefits management plan. This plan captures the target benefits of the new product and ensures alignment with strategic objectives.

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