PRINCE2 Agile Foundation Practice Questions

What is the impact of checking the benefits review plan only during the closing phase?

1. It aligns perfectly with PRINCE2 principles

2. It tailors the benefits management approach poorly

3. It ensures continuous benefit tracking

4. It enhances stakeholder involvement during the project

The correct answer is: It tailors the benefits management approach poorly

Focusing solely on the benefits review plan during the closing phase results in a poorly tailored benefits management approach. The benefits review plan is an essential element of the project’s overall strategy, designed to ensure that benefits are identified, realized, and properly managed throughout the project lifecycle. By only checking this plan during the closing phase, there is a significant risk that opportunities to review and adjust benefit realizations will be missed during the execution of the project. A proactive approach to benefits management involves regular checks and adjustments throughout all phases of the project, not just at the end. This allows for any mismatches between expected and actual benefits to be addressed in a timely manner and ensures that stakeholder expectations are continually aligned with project outcomes. This lack of ongoing review can lead to diminished stakeholder confidence, as they may feel disconnected from the project's benefits and their realization. Therefore, the approach taken by limiting the review to just the closing phase reflects a poor tailoring of the benefits management approach, ultimately compromising the project's overall success.