The PMBOK Refresher

Understanding Business Value in the Context of Projects

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To see an answer, click or touch its question:

  1. What is business value?
    • The total sum of all its tangible and intangible elements of a business. The entire value of the business.
  2. Is business value a concept that is unique to each organization?
    • Yes.
  3. What are tangible business elements?
    • Physical business assets.
  4. What are intangible business elements?
    • Intellectual business assets.
  5. Are good will, brand recognition, public benefit, trademarks, and intellectual property tangible or intangible assets?
    • Intangible assets.
  6. Are monetary assets, fixtures, stockholder equity, and business utility tangible or intangible assets?
    • Tangible assets.