A program manager is gathering information about new players in the market, changing economic conditions, and upcoming regulations, aiming to refine a program's scope and establish reliable benefits. Which approach best leverages these findings for an informed benefits plan?
Focus on internal resource limits and provide cursory attention to market changes to maintain a consistent plan
Extrapolate budgets from comparable initiatives, relying on past data to shape benefit targets
Analyze factors like economic shifts and stakeholder interests, and adjust benefit expectations with verifiable findings
Gather feedback from a small in-house team on financial scenarios, giving reduced emphasis on third-party research
The most effective approach combines analysis of external drivers with stakeholder perspectives and revises benefit targets as verifiable data emerges. Approaches that rely only on historical budgets, overlook market shifts, or restrict input to a small internal team are less likely to capture current realities or satisfy stakeholder expectations.
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Why do external drivers like economic shifts and stakeholder interests matter in benefit planning?
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How can verifiable findings improve benefit expectations in program management?
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What is the downside of relying solely on historical budgets for benefit planning?
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PgMP
Strategic Program Alignment
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