Program Benefits Management Flashcards
Chapter 4
what are the 5 elements of benefit managements
Identification Analysis and Planning Delivery Transition Sustainment
what it purpose of benefits management?
To focus program stakeholders on the outcomes and benfits to be provided by the various activities conducted during the programs duration.
what are the elements of a Benefits Register
List of planned benefits
mapping of the planned benefits to the program components
description of how each benefit will be measured
KPI and thresholds for evaluating their achievements
risk assessment and probability for achieving the benefit
status or progress indicator for each benefit
target dates and milestones for benefits
person, group or organizaiton responsible for delviering each benefit
establishment of processes for measuring against benefit plan
tracking and communications processes to report to stakeholders.
Activities that make up benefit analysis and planning
Establishing the benefits management plan
defining and prioritizing program components and interdependence
defining the KPI and associated quantitative measures
establishing the performance baseline for the program and communicating program performance metrics
updating positive and negative risks to benefits as more information becomes known.
elements of the benefits management plan
define each benefit and associated assumptions to determine how each benefit will be achieved.
Link components outputs to the planned program outcomes
define the metrics and procedures to measure benefits
define the roles and responsibilities required to manage the benefits.
define how the resulting capabilities will be transitions to the individuals, groups, or organizations responsible for sustaining the benefits
Provide a process for managing the overall benefits management effort.
Activities that make-up benefits delivery include:
monitoring the organizational environments
initiating, performing, transitioning, and closing components and managing the inter dependencies among them.
Evaluating opportunities and risks, threats, for new or obsolete items affecting benefits
evaluating KPI related to financials, compliance, quality, safety, and stakeholder satisfaction
recording program progress in the benefits register and reporting to key stakeholders.
Benefits and Program Governance integrates for:
Strategic alignment
Value Delivery
Activities that make up benefit transition
Verifying that the integration, transition, and closure of the program and components meet or exceed the benefit realization criteria established.
Developing a transition plan to facilitate the ongoing realization of benefits when turned over to the impacted operational areas.
What is the purpose of Benefits sustainment phases
ongoing maintenance activities performed beyond the end of the program by receiving organizations to ensure continued generation of the improvements and outcomes delivered by the program.
