A program manager is tasked by the steering committee to provide a quantitative assessment of the program's contribution to the organization's strategic goals. This assessment must translate program outcomes into monetary terms and other predefined key performance indicators. Which program management practice is being requested?
Business value measurement is the practice of assessing a program's value in quantifiable terms, such as monetary value or alignment with strategic KPIs, to justify its continuation and validate its success. Earned value management (EVM) measures performance against cost and schedule baselines but not strategic value. Benefits realization reporting focuses on communicating the status of benefits, while a program financial audit verifies adherence to financial controls, not strategic contribution.
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What are some common methods used for business value measurement?
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PgMP
Benefits Management
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