Benefits

Description

Benefits Management is a structured approach for maximising good business outcomes for an organisation as a result of change. It is fundamental to effective Programme and Project Management (PPM) and successful delivery. It involves identifying, planning, measuring and tracking benefits from the start of the Programme/Project investment until realisation of the last projected benefit. It aims to make sure that the desired benefits are SMART (specific, measurable, agreed, realistic and time bounded). The term ‘benefits management’ is often used interchangeably with the term ‘benefits realisation’.

‘The fundamental reason for beginning a project/programme is to realise benefits through change’

Office of Government Commerce (OGC)

The lifecycle diagram presented below outlines a sequence of seven activities involved in Benefits Management. It illustrates the relationship to the Business Case which justifies the organisation’s investment in change. It also illustrates the importance of corporate business planning to successful benefits realisation.

Diagram above illustrating key stages of the Benefits Management lifecycle. If this is inaccessible or you require an alternative format, please contact us at coe@dfpni.gov.uk

For more information please follow the links provided

Purpose	Sources	Roles and Responsibilities	Further Detail