Governance of Enterprise IT (CGEIT) Certification Practice Exam

What are the key components required for effective Benefit Realization?

1. Alignment and resource management

2. Cost management and risk assessment

3. Training and development of staff

4. Strategic partnerships and alliances

The correct answer is: Alignment and resource management

For effective Benefit Realization, alignment and resource management are fundamental components. Alignment refers to ensuring that the organization's projects and initiatives are in harmony with its strategic goals and objectives. This alignment ensures that all efforts are directed toward delivering the expected benefits that support the organization’s mission. Resource management plays a critical role as it involves the efficient and effective utilization of resources such as financial, human, and technological assets. Proper resource management supports the successful implementation of strategies that lead to realizing identified benefits. When resources are managed well, it increases the likelihood of project completion on time and within budget, ultimately leading to the achievement of desired outcomes. In contrast, while cost management and risk assessment, training and development of staff, and strategic partnerships are important in their own rights, they are more supportive functions rather than core components specifically driving the realization of benefits. They can contribute to the overall process but do not singularly encompass the essential elements required for effective Benefit Realization like alignment and resource management do.