All terms

Business Value

The net quantifiable and qualitative benefit derived from a business endeavor.

Original SimCert study summary; not an official PMI® glossary definition.

Performance domain · ScopePrinciple · Focus on ValueExam domain · Business Environment

Questions that use this term

Business Environment·Governance

A project team is developing a new product and must decide whether to comply with an industry standard that is not legally mandatory but is widely adopted by competitors and customers.

What should the project manager recommend?

Practise this domain

Nearby terms in Scope