PMP Exam - "BUSINESS" Domain Booster (Agile+Scrum+PMBOK Business Thinking)

Another video to watch: Benefits vs. Value:
• Features Vs. Benefits ...
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[@ryanb023]

Another quality video! Phill, you are a master PMBOK and APG translator. 25 days out from my exam and this helps focus my studies! Thank you 😃

[@Praizion]

TY! Glad to help!

[@LivingOrganismFromMarsAndVenus]

Hi. Do you have any videos explaining value in the project and monitoring benefits and ensuring benefits in the project and measuring them?

[@Praizion]

No videos but here is the logic:
Alignment with Organizational Goals: Demonstrating how the project contributes to the broader objectives of the organization ensures relevance and support.
Clear Definition of Success Metrics: Establishing specific, measurable outcomes allows for tangible tracking of progress and success.
Cost-Benefit Analysis: A thorough assessment of the project's expenses versus its expected benefits justifies the investment and helps in prioritizing resources.
Stakeholder Engagement: Involving stakeholders in the project's planning and execution ensures their needs are met and increases project buy-in.
Risk Assessment and Mitigation: Identifying potential risks and having strategies in place to address them safeguards the project’s success.
Regular Performance Monitoring: Ongoing tracking of the project’s progress against its objectives enables timely adjustments and improvements.
Quality Assurance: Ensuring the project meets the set quality standards guarantees the delivery of value and customer satisfaction.
Effective Communication Plan: Keeping all parties informed about the project's progress and challenges fosters transparency and trust.
Post-Implementation Review: Evaluating the project after completion provides insights for continuous improvement and learning for future projects.
Sustainability and Long-Term Impact: Assessing the project’s long-term effects and sustainability ensures its benefits extend beyond immediate outcomes.