Why is it important to perform a cost-benefit analysis during the initiation phase? Select all that apply.

To outline project goals and how to accomplish them

To set up a framework for what project work the team needs to do

To add up the expected value, or benefits, of a project ✓

Correct

To compare the project benefits to the costs ✓

Correct

Related Questions & Answers:

Which of the following are benefits of a contracting job in project management? Select all that apply. 3. Which of the following are benefits of a contracting job in project management? Select all that apply. 1 / ... Read more...
Which of the following are examples of how a project manager empowers their team? Select all that apply. 10. Which of the following are examples of how a project manager empowers their team? Select all that apply. 1 ... Read more...
The Lean Six Sigma approach includes which of the following phases? 6.The Lean Six Sigma approach includes which of the following phases? 1 / 1 point Define, measure, analyze, improve, control ✓ Impact, ... Read more...
Which answer best describes a Classic organizational structure? 2. Which answer best describes a Classic organizational structure? 1 / 1 point It involves reporting to stakeholders across teams in addition ... Read more...
Which of the following define success criteria? Select all that apply. 7. Which of the following define success criteria? Select all that apply. 1 / 1 point Outlines specific details of ... Read more...
As a project manager, you make considerations when building a team. You decide how many people should be on the team, if they have the time to work on the project, and if they have a personal incentive to work on the project. What else should you consider when building a team? 9. As a project manager, you make considerations when building a team. You decide how many people should be on ... Read more...