Question

As a project manager, you investigate the value a project will create and how much time will be saved. What step of the cost benefit analysis are you completing?

A. Benefit analysis
B. Cost analysis
C. Goals analysis
D. Expense analysis

Answer 1

A. Benefit analysis.

A benefit analysis involves identifying and assessing the potential benefits that a project will create. In this case, as a project manager investigating the value a project will create and how much time will be saved, you are specifically looking at the potential benefits of the project. Therefore, you are completing the benefit analysis step of the cost benefit analysis.