QUESTIONS WITH SOLUTIONS GRADED A+
●● Triple constraints. Answer: Time, Cost, and Quality
●● What additional factors affect success?. Answer: Level of risk
exposure, resource levels, satisfaction of personnel.
●● Benefits. Answer: Quantifiable and measurable improvements at the
completion of deliverables that have been accepted as positive by the
stakeholders.
●● Tangible benefit example. Answer: Profit
●● Intangible benefit example. Answer: Reputation, capability
●● Benefits Management. Answer: The identification, definition,
planning, tracking and realisation of benefits
●● Benefits Realisation Plan. Answer: shows how and when benefits
realisation will be made.
●● Emergent Benefits. Answer: Benefits that have not been planned for.
, ●● Business Case. Answer: Provides the justification for the undertaking
of the project. Evaluates the benefit, cost, risk of alternative options and
provides the rationale for the proposed solution.
●● Who owns the business case?. Answer: The sponsor
●● Strategic Case. Answer: In business case to explain how the project
fits strategic and corporate objectives
●● Options Appraisal. Answer: Part of the business case, includes a 'do
nothin' approach and recommended options
●● Dis-benefits. Answer: Measurable negative benefits as a result of the
project as perceived by the stakeholders
●● Sections of the business case. Answer: Strategic, economic,
commercial, financial, management
●● Stakeholder Management. Answer: The systematic identification,
analysis, planning and implementation of actions designed to influence
stakeholders.