BUSINESS AND MANAGEMENT – APM PMQ COMPETENCE TEST 2024 SERIES 5 (BENEFITS MANAGEMENT QUIZ)
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Business and Management
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Business And Management
Unlock the key to effective Benefits Management with our comprehensive quiz designed for business and management students. This essential resource dives deep into the core concepts of benefits realisation and management, providing a clear and engaging way to test your understanding. Through a serie...
BUSINESS MANAGEMENT – APM PMQ COMPETENCE TEST 2024 SERIES 5
BENEFITS MANAGEMENT QUIZ
NOTE: This is part 5 of a complete series of APM (Association for Project Management) PMQ (Project
Management Qualification) as of September 2024 all you need for your exam preps
Circle the letter of the Definition that corresponds to the displayed Term.
1.
Question: Benefits realisation
a) A positive and measurable impact of change (or) The quantifiable and measurable improvements
resulting from the completion of deliverables that are accepted, utilised and perceived as positive by a
stakeholder.
b) The practice of ensuring that benefits are derived from outputs and outcomes.
c) The identification, definition, planning, tracking and realisation of benefits.
d) A plan that specifies who is responsible for achieving the benefits set out in the benefits profiles and
how achievement of the benefits is to be measured, managed and monitored.
Correct Answer: a) A positive and measurable impact of change (or) The quantifiable and measurable
improvements resulting from the completion of deliverables that are accepted, utilised and perceived as
positive by a stakeholder.
Explanation: Benefits realisation focuses on the tangible and measurable improvements gained from
completing deliverables that stakeholders find valuable.
2.
Question: Benefits management
a) The identification, definition, planning, tracking and realisation of benefits.
b) A plan that specifies who is responsible for achieving the benefits set out in the benefits profiles and
how achievement of the benefits is to be measured, managed and monitored.
c) A measurable decline or negative impact of change.
d) A positive and measurable impact of change (or) The quantifiable and measurable improvements
resulting from the completion of deliverables that are accepted, utilised and perceived as positive by a
stakeholder.
Correct Answer: a) The identification, definition, planning, tracking and realisation of benefits.
Explanation: Benefits management involves all stages from identifying to realizing benefits, ensuring
that benefits are effectively achieved and managed.
3.
Question: A plan that specifies who is responsible for achieving the benefits set out in the benefits
profiles and how achievement of the benefits is to be measured, managed and monitored.
a) Benefits management plan
b) Benefits management
c) Disbenefit
d) Benefits realisation
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