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CAPM Practice: Determine how to follow and execute planned strategies or frameworks

Question 11 of 100 in Determine how to follow and execute planned strategies or frameworks

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Neha Morita is leading a software development project at Quartile Advisory. During project initiation, stakeholders ask her to explain the benefit planning process. A key stakeholder asks when benefits from the project will be realized. What should Neha explain about benefit realization?
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Correct answer: Benefits may be realized during the project, at completion, or after the project closes depending on the nature of the benefits

Explanation

Benefits can be realized at different times depending on their nature. Some benefits may occur during the project (e.g., process improvements), some at completion (e.g., product launch), and others well after project closure (e.g., market share growth, long-term cost savings). This is a fundamental concept in benefit planning.

**Why not A:** Benefit realization is not limited to the execution phase. Some benefits may be realized during execution, but others may be realized at project completion or even months or years after the project closes, depending on the nature of the benefit.

**Why not B:** The project manager is not solely responsible for ensuring all benefits are realized before closure. Benefit realization often extends beyond project closure and involves organizational stakeholders, the project sponsor, and operations teams who manage the delivered product or service.

**Why not D:** It is incorrect that all benefits are realized immediately upon project completion. Many benefits, such as market share growth, long-term cost savings, or behavioral changes, are realized gradually over time after the final product is delivered.

Key Concept

This question covers Determine how to follow and execute planned strategies or frameworks under Determine how to follow and execute planned strategies or frameworks (Project Management Fundamentals and Core Concepts).

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