Which element(s) should be estimated during a comprehensive program funding process to justify the program's prioritization and secure funding authorization?
Only the program's nonfinancial benefits
Both the program's financial and nonfinancial benefits
Only the program's financial costs
Only the program's financial benefits
A sound funding process evaluates the total value of a program by estimating both financial (e.g., revenue growth, cost savings) and nonfinancial (e.g., customer satisfaction, regulatory compliance) benefits. PMI's PgMP Task 7 explicitly states that practitioners must "estimate the high-level financial and nonfinancial benefits of the program in order to obtain/maintain funding authorization and drive prioritization of projects within the program." Failing to consider either aspect risks an incomplete business case and misaligned investment decisions.
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