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Managing Project Benefits

Managing Project Benefits

1h 16mIntermediate2018-11-13

Authors

Claudine Peet

Claudine Peet

Founder of IT Explained, LTD

Course details

Projects wouldn't proceed unless we could anticipate their benefits. But do you make those benefits apparent to stakeholders? The better you can communicate the business value of your project, the more opportunities you'll encounter as a project manager. Learn how to forecast benefits for your projects and measure and report on their achievement, with these tips from Claudine Peet. Claudine provides practical advice on identifying benefits and the key factors you need to realize them, from linking benefits to corporate strategy to holding team members accountable. She explains how to forecast benefits within the project life cycle and document them in a benefits register. Finally, she explains how to realize maximum benefits during product delivery and measure benefit achievement.

Learning objectives
What is benefits management?
Linking to corporate business strategy
Assigning accountability
Understanding the benefits management cycle
Identifying and analyzing project benefits
Realizing benefits
Measuring and reporting benefits

Skills covered

Project Management SkillsAdvancedProject Management

Concepts

Introduction

  • Managing benefits

Overview

  • What are benefits
  • What is benefits management
  • Where does benefits management fit in
  • Reasons for project benefits management failure
  • Who's involved

Characteristics of Successful Benefit Management

  • Introduction to success factors
  • How to link to corporate strategy
  • How to assign accountability
  • How to develop a clear approach
  • How to create a value culture
  • How to be transparent and forward-looking

Project Benefits Management Approach

  • Benefits management cycle overview, part 1
  • Benefits management cycle overview, part 2
  • Defining benefits management strategy

Identify and Analyze Project Benefits

  • How to identify benefits
  • Benefits mapping
  • Quantify
  • Forecast
  • Documenting benefits

Plan to Realize Project Benefits

  • Creating a benefits realization plan
  • Benefits measurement
  • Benefits measurement techniques
  • Dealing with threats

Realize Project Benefits

  • Supporting benefits realization
  • Measuring and reporting benefits
  • Emergent benefits

Review Project Benefits

  • Continuous improvement
  • When to intervene

Conclusion

  • Next steps

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