After completing the preliminary program charter, the executive sponsor asks you to justify a US$50 million funding request and demonstrate intangible benefits such as improved brand equity and regulatory goodwill. Detailed project plans are not yet available. Which analytical technique will best provide a single, high-level view of both financial and nonfinancial benefits to support the authorization decision?
A high-level cost-benefit analysis compares expected program costs with both tangible and intangible benefits, providing a consolidated view that decision-makers can use to judge overall value before committing funds. Monte Carlo schedule risk simulations focus on time-related uncertainty, earned value performance forecasting measures cost and schedule performance after work begins, and a quality function deployment matrix translates customer requirements into design features-none of these techniques directly estimate aggregate financial and nonfinancial benefits at the program approval stage.
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PgMP
Strategic Program Alignment
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