From the course: Managing Project Benefits
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Documenting benefits
- When the project benefits have been identified, analyzed and full cost, it's important to capture information about each benefit in some format. Typically, this is done in a benefits register which provides a central place to record specific information for each of the full cost benefits. Each record in the register is essentially a benefit profile and includes who owns the benefits, the area the benefit can be attributed to, the benefit category, how and when the benefit will be measured and by whom, and the baseline measures the improvements will be based on. The register should be updated each time more information is available or if something changes with the benefit. Like in the case when we anticipate a higher rate of return than what was originally identified. The register is initially created during the definition stage of the project by the project manager in collaboration with a senior user and business change manager. It's populated with the initial high level benefits…
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