Western Governors University (WGU) NURS5745 C790 Foundations in Nursing Informatics Practice Exam

The phase of project management that involves a quality team presenting a benefit-cost analysis of two systems is the Planning phase. During this stage, detailed assessments of potential options and their financial implications are conducted to aid in decision-making. A benefit-cost analysis evaluates the expected benefits relative to the costs associated with each system, allowing stakeholders to determine which system may provide more value or align better with project goals. This analysis is crucial for establishing a solid foundation for the project, as it informs the development of project scopes, timelines, and resource allocation.

In the Planning phase, teams set objectives and define the approach for achieving desired outcomes, making it the ideal context for such analytical presentations. This groundwork is essential before moving on to other phases where execution and monitoring take place, and it helps ensure that any choices made are well-founded and strategically aligned with overall project objectives.