Prince2 Foundation Exam: Benefits Management Documentation Requirements

Benefits Management Documentation Requirements

Question

What information about benefits management must be documented to meet the minimum requirements for applying the business case theme?

Answers

Explanations

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A. B. C. D.

A.

To meet the minimum requirements for applying the business case theme in project management, it is necessary to document certain information about benefits management. The purpose of the business case theme is to provide justification for the project and ensure that it is worthwhile to invest resources in it. This justification is based on the expected benefits that the project is expected to provide.

Therefore, documenting information related to benefits management is critical to ensuring that the business case is valid and reliable. Without proper documentation of benefits management, it is difficult to determine whether the project is providing the expected benefits or not, which can lead to a waste of resources and time.

Out of the options given, A, B, and C are all valid documents that must be documented to meet the minimum requirements for applying the business case theme:

A. The senior user's responsibilities for realizing benefits: This document outlines the responsibilities of the senior user, who is responsible for ensuring that the benefits identified in the business case are realized. This document provides clarity on who is accountable for delivering the expected benefits.

B. Statements of actual versus forecast benefits at reviews: This document provides a comparison of the expected benefits versus the actual benefits achieved at various review stages during the project. This document helps in identifying any discrepancies and taking corrective actions if necessary.

C. The management actions needed to ensure benefits are realized: This document outlines the management actions that need to be taken to ensure that the benefits identified in the business case are realized. This document provides a clear plan of action that can be used to ensure that the expected benefits are delivered.

Option D, "No specific documents related to benefits are necessary," is incorrect. Documentation of benefits management is necessary to ensure that the business case is valid and reliable. Therefore, it is important to document information related to benefits management to meet the minimum requirements for applying the business case theme in project management.