Benefits Mapping

Correct Answer: Add potential benefits from involving local artists with ties to project objectives to the map

The benefit map of a project should always reflect the strategy of that project. If the strategy has changed towards promoting more local artists, then this change should be demonstrated in the benefits map. Answer 157326 rightly advises to 'Add potential benefits from involving local artists with ties to project objectives to the map'. These benefits could include positive aspects such as community engagement, lower art acquisition costs, or local media attention. Answers 157327 and 157329 suggest adding promoting local artists to the benefits map without ties to project objectives or as a standalone objective, which would not align it properly with the overall project's objectives. The strategy should tie in with the project's objectives to ensure its feasibility and worth. Answer 157328 suggests not updating the benefits map at all. But the purpose of a benefits map is to showcase the cause-and-effect relationships based on a changes in strategy. Therefore, not updating it would result in a map which is not reflective of the current situation, making it less effective for project stakeholders.

Correct Answer: Revisit the project's business case and communicate with stakeholders about the cost-benefit analysis

The most accurate response would be to 'Revisit the project's business case and communicate with stakeholders about the cost-benefit analysis'. This is the best answer because it combines both strategy (revisiting the business case) and communication, which are essential skills for any project manager. The other answers are wrong because: - 'Continue with the project and hope that benefits will increase in future' is not a strategic decision and is based on hope, which is not an effective management practice, - 'Terminate the project without communicating with stakeholders' is not the right choice as it lacks communication which is an essential part of any project management, especially when the project could have a significant impact on the organization, - 'Delegate the project to another team' may not resolve the issue if the project's cost-benefit analysis shows that it provides little benefit, and can just pass on the problem to another team.

Correct Answer: Update the benefit map to include new expected benefits and eliminate conflicting old benefits.

As a project manager in a software development company, adapting to new market changes is key. Hence, the correct course of action would be to update the benefit map to include new expected benefits and eliminate conflicting old benefits. This is the best possible answer which allows the project to be more adaptive and relevant to the current market trends. The other answers are not optimal because: ignoring the changes (as suggested in one option) could lead to the project being out-dated and irrelevant; only adding new expected benefits without removing conflicting old benefits (as suggested in another option) could lead to confusion and confliction in project direction; and removing all old benefits and only keep new expected benefits (as suggested in the last option) could disregard some still pertinent parts of the project that align with the project's objectives.