True or False: The more expensive the reward for project members, the better.

 The effectiveness of rewards in project management is not determined by their monetary value but by how well they satisfy the needs valued by the individual or team. Expensive rewards do not necessarily lead to better performance or motivation. It’s important to align rewards with desired behaviors and performance metrics, ensuring they are meaningful and appreciated by the recipients1. The original plan for rewarding people is developed during the Plan Resource Management process, and cultural differences should be considered when determining recognition and rewards2.

References:

PMI’s “Effectiveness in Project Portfolio Management” article3

LinkedIn’s “PMP TIPS by SAMI(6): Recognition & Rewards” post2