In this video, instructor Claudine Peet introduces a high-level overview of the first two steps involved in realising the benefits in projects, and where these steps fit in the project lifecycle.
- So, how exactly can we ensure that benefits…from a project will actually be realized?…It's very simple.…It can only be done by carrying out specific…benefit management activities throughout…the life cycle of the project and beyond.…In this video, we'll take a tour through the first…two steps of the benefit management activities…you'll need to carry out during the project life cycle.…The first step is to identify the benefits…in the feasibility stage.…Remember, they don't identify themselves.…
As it's very early in the project,…not much detail will be known about the project yet.…So, benefits tend to be high-level and often…expressed in the form of a benefits map.…Let's take an example from the scenario…I've put in the exercise files.…Pause the video and take a minute to read the scenario…so you can follow along.…So, after reading the scenario,…you can see a high-level benefit is that…within the first year two stores are expected…to increase revenues by more than 15%.…
During the definition stage, the high-level benefits…
Author
Released
11/13/2018- 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
Skill Level Intermediate
Duration
Views
Related Courses
-
Introduction
-
1. Overview
-
What are benefits?2m 23s
-
What is benefits management?2m 15s
-
Who's involved3m 38s
-
-
2. Characteristics of Successful Benefit Management
-
How to assign accountability1m 44s
-
3. Project Benefits Management Approach
-
4. Identify and Analyze Project Benefits
-
How to identify benefits3m 7s
-
Benefits mapping2m 37s
-
Quantify2m 41s
-
Forecast2m 59s
-
Documenting benefits2m 54s
-
-
5. Plan to Realize Project Benefits
-
Benefits measurement2m 51s
-
Dealing with threats2m 46s
-
6. Realize Project Benefits
-
Emergent benefits2m 13s
-
7. Review Project Benefits
-
Continuous improvement2m 21s
-
When to intervene3m 5s
-
-
Conclusion
-
Next steps52s
-
- Mark as unwatched
- Mark all as unwatched
Are you sure you want to mark all the videos in this course as unwatched?
This will not affect your course history, your reports, or your certificates of completion for this course.
CancelTake notes with your new membership!
Type in the entry box, then click Enter to save your note.
1:30Press on any video thumbnail to jump immediately to the timecode shown.
Notes are saved with you account but can also be exported as plain text, MS Word, PDF, Google Doc, or Evernote.
Share this video
Embed this video
Video: Benefits management cycle overview, part 1