As a program manager, you need to secure funding authorization for a new program by presenting its high-level financial framework and nonfinancial benefits. Which of the following methods is most appropriate for developing these estimates?
High-level cost-benefit analysis
Quality assurance planning
Detailed project scheduling
Risk assessment matrix
High-level cost-benefit analysis is the most suitable method for estimating both financial and nonfinancial benefits, as it allows for the comparison of program costs against its expected benefits.
Detailed project scheduling focuses on timelines, risk assessment matrices evaluate potential risks, and quality assurance planning ensures deliverable standards, none of which directly estimate financial and nonfinancial benefits.
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