Question

A value-driven approach to project management means

a) Applying project management tools and processes that are part of a methodology
b) Taking a purely technical approach to projects that focuses mainly on the technology
c) Deriving excellence in project management by documenting lessons learned and developing best practices
d) Applying knowledge, skills, tools, and techniques to project activities to meet project requirements
e) Measuring project success in terms of the value the project brings to the organization and not only in terms of meeting the project schedule and budget

Answer 1

A value-driven approach to project management means measuring project success in terms of the value the project brings to the organization and not only in terms of meeting the project schedule and budget.

Step-by-step explanation:

A value-driven approach to project management means measuring project success in terms of the value the project brings to the organization and not only in terms of meeting the project schedule and budget. It involves considering the impact and benefits of the project beyond its immediate objectives. For example, a value-driven approach might prioritize projects that have a positive environmental impact or that align with the organization's long-term strategic goals.

By applying a value-driven approach, project managers can make decisions that prioritize the overall value and impact of the project. This requires considering multiple factors, such as stakeholder needs, cost-effectiveness, and the potential long-term benefits.

Overall, a value-driven approach goes beyond the technical aspects of project management and focuses on delivering meaningful and valuable outcomes for the organization and its stakeholders.