Benefits Management Process

Managing the delivery of programme/project benefits can be broken down into four distinct stages:

1. Identifying & Structuring Benefits
2. Planning Benefits Realisation
3. Realising & Tracking Benefits
4. Evaluation

In turn, each high level stage has a number of key objectives, activities and deliverables associated with it. This guidance outlines what is involved in each stage, providing context, practical guidance, useful tools, techniques, templates and examples to demonstrate the theory.

To see the full benefits management lifecycle (MS Word, 38 kb), please follow this link.

If this diagram is inaccessible or you require an alternative format, please contact us at coe@dfpni.gov.uk

While this process will offer a structured approach to managing project benefits, it should not imply that benefits management is simply a mechanistic project activity, or a ‘one off’ paper exercise. Focusing on the ultimate outcome(s) of any investment and proactively putting in place a framework to manage and realise benefits, should be at the heart of all project delivery, driving the change and helping to retain focus on the end goal(s).