Benfits Flashcards
What is the benefits management approach
A Benefits Review Plan is used to define how and when a measurement of the achievement of the project’s benefits, expected by the Senior User, can be made. The plan is presented to the Executive during the initiation process, updated at each stage boundary, and used during the closing of a project process to define any post-project benefits reviews that are required. The plan has to cover the activities to find out whether the expected benefits of the products have been realised, and how the products have performed when in operational use. Each expected benefit has to be assessed for the level of its achievement and whether any additional time is needed to assess the residual benefits. Use of the project’s products may have brought unexpected side effects, either beneficial or adverse. Time and effort have to be allowed to identify and analyse why these side effects were not foreseen.
