A benefits management approach defines the benefits management actions and benefits reviews that will be put in place to ensure that the project’s outcomes are achieved and confirm that the project’s benefits are realized.
If the project is part of a programme, the benefits management approach may be contained within the programme’s benefits realization plan and executed at the programme level. Post-project, the benefits management approach is maintained and executed by corporate, programme management or the customer.
Once your Benefit Management Approach is complete check the document against the following Quality Criteria:
- It covers all benefits stated in the business case.
- The benefits are measurable and baseline measures have been recorded.
- It describes suitable timing for measurement of benefits, together with reasons for the timing.
- It identifies the skills or individuals who will be needed to carry out the measurements.
- The effort and cost to undertake the benefits reviews are realistic when compared with the value of the anticipated benefits.
- Consideration is given to whether dis-benefits should be measured and reviewed.