Benefits Register

Correct Answer: Review the Benefits Register with the executive, highlighting the long-term strategic benefits and explaining how they align with the program's objectives. Discuss the leading indicators of success and the timeline for realizing measurable financial benefits.

The most appropriate approach is to review the Benefits Register with the executive, highlighting the long-term strategic benefits and explaining how they align with the program's objectives. Discussing the leading indicators of success and the timeline for realizing measurable financial benefits will help address the executive's concerns and provide a clear understanding of the program's progress and expected outcomes. Emphasizing that the program is still in its early stages and that financial benefits will materialize in due course may not adequately address the executive's concerns and could be seen as making excuses. Proposing to modify the program's scope and objectives to prioritize short-term financial gains over long-term strategic benefits may compromise the program's original intent and long-term value. Suggesting that the lack of financial benefits is due to external factors and recommending adjusting stakeholder expectations may be seen as shifting responsibility and not taking ownership of the program's outcomes.

Correct Answer: Listing of program risks and mitigation strategies

A Benefits Register typically includes the identification and categorization of expected program benefits, assigned ownership for each benefit, and metrics or indicators to measure progress towards benefits realization. It specifically focuses on the benefits themselves and how they are tracked and managed, not on the broader risk management strategies such as listing program risks and mitigation strategies, which are usually part of a risk management plan or register, not the Benefits Register.

Correct Answer: To track and monitor the realization of expected benefits throughout the program lifecycle

The primary purpose of a Benefits Register in program management is to track and monitor the realization of expected benefits throughout the program lifecycle. It serves as a dynamic tool to record, track, and help in the management of benefits the program aims to deliver. While the wrong answers involve relevant program management concepts such as resource allocation, strategic alignment, and risk management, they do not directly describe the primary purpose of a Benefits Register, which is focused on the oversight of benefits realization.