Certified Associate in Project Management (CAPM) — Question 135

A business manager wants to start a project to launch a new product and submits a business case to the Portfolio Steering Committee for review. The committee asks the manager for details about the expected business value of the project.

How can the manager document the business value for the Portfolio Steering Committee?

Answer options

• A. Create a presentation outlining the business benefits of the new product.
• B. Execute a market study for similar products and demonstrate a market need.
• C. Conduct a feasibility study to determine the business impact of the new product.
• D. Prepare a benefits management plan to capture target benefits and strategic alignment.

Correct answer: D

Explanation

The correct answer is D because a benefits management plan specifically outlines the expected benefits and ensures they align with the organization's strategic objectives. Options A, B, and C, while useful, do not directly capture and document the target benefits in a structured manner, which is essential for the Portfolio Steering Committee's review.