The PMBOK Refresher

How to Create, Manage, and Measure Business Value of a Project

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To see an answer, click or touch its question:

  1. How can a project’s business value be created?
    • By using project management to achieve project objectives.
  2. How can a project’s business value be managed?
    • By using project-level governance to ensure project activities are in-line with project objectives.
  3. State three ways for measuring a project’s business value.
    1. By measuring the achievement of project objectives.
    2. By measuring the return of investment from project objectives.
    3. By measuring the alignment of project objectives with higher-level objectives (program, portfolio, or strategic objectives).