Chapter 16 - Benefits realization Flashcards
Explain pay for success-project
Projects founded by private financiers are only allowed to make use of tax dollars if they prove to be profitable. Private parties invest money and bear the financial risk. If it’s successful, they public pay their investment back. if it fails, the investor takes the fall not the taxpayers.
How can you follow up a project?
By asking the following questions:
- What are the benefits?
- How can the benefits be realized?
- Who will realize benefits?
- How are benefits followed up?
- Which measures should be used?
When is impact evaluated?
After the closure phase, since it’s too early during it. Determine when this is supposed to be done, and by whom.
Give examples of projects where the result greatly exceeded expectations
The internet.
Impact goals
Roughly the same as the purpose. A goal should be measurable and time bound. (SMART), otherwise it’s hard to tell if you’ve achieved what you want
Reference measures
Before a project is performed, you should make a measurement of the current situation, in order to have something to compare with when impacts are followed up.
