Where does benefits management fit in?

- It can be difficult to know…when to start thinking about benefits…and then when to review them…so let's take a look at where benefits management activities…should be happening during the lifecycle of a project.…Using a fairly generic project lifecycle,…most projects go through some kind of feasibility stage.…This is the point where a justification is provided…for the project to start.…This is usually done by the creation of an outline…or initial business case,…which among other things…include some high-level expected benefits,…whose forecast may have been used…to justify the cost of the investment.…

Once the justification for the project is approved,…the next stage is a more detailed definition stage.…This stage takes the high-level benefits…identified in the feasibility stage…and breaks them down further into lower-level benefits…which will be documented in a full business case.…Once the definition stage is complete and approved,…it is followed by a number of delivery stages.…There are two possible approaches…