An innovation project with a budget over US$30 million may significantly impact the technology industry. The business area is concerned whether the project will meet stakeholder expectations. What should the project manager do to manage these concerns before starting the project?
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Correct answer: Ask the product owner to prioritize backlog items by return on investment (ROI)..
Why this is the answer
The correct answer is to ask the product owner to prioritize backlog items by return on investment (ROI). For a high-budget, high-impact innovation project where stakeholder expectations are a concern, prioritizing based on ROI directly addresses value delivery and ensures the most impactful features are developed first. This aligns the project with business objectives and stakeholder expectations from the outset. Asking the project team to create a release plan and roadmap is a good step but comes after understanding priorities. Instructing the project team to provide more detailed estimates for user stories is a refinement activity that doesn't address the primary concern of meeting expectations through value. Meeting with project finance to assess market variations and product impact is a valuable financial analysis but doesn't directly establish the project's feature prioritization based on stakeholder value.
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