During the third month of a 12-month product-development project, rising material costs prompt senior leadership to question whether the effort is still worthwhile. The sponsor asks you, the project manager, to re-evaluate the project's expected benefits against the organization's new strategic priorities. According to PMI value-delivery guidance, what is the PRIMARY reason to examine business value continuously throughout the project life cycle?
To compare actual schedule performance against the baseline
To confirm the project still aligns with strategic objectives and will deliver the desired benefits
To identify immediate opportunities to reduce expenses
To provide routine progress information to stakeholders
PMI's benefits-realization and value-delivery guidance states that projects should be reassessed throughout execution to verify that expected benefits remain aligned with organizational strategy. Regularly reviewing business value enables the project manager and sponsors to decide whether to continue, adjust, or terminate work so that resources are focused on initiatives that still deliver the desired outcomes. While monitoring cost, schedule, and stakeholder communication is important, those activities do not in themselves confirm strategic alignment or benefits delivery, which is the foremost purpose of an ongoing business-value review.
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