In this video, instructor Claudine Peet explains how benefits management maps to the project lifecycle and where it should be addressed, explaining both waterfall and agile approaches and where they are addressed.
- 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…
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
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Introduction
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1. Overview
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What are benefits?2m 23s
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What is benefits management?2m 15s
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Who's involved3m 38s
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2. Characteristics of Successful Benefit Management
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How to assign accountability1m 44s
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3. Project Benefits Management Approach
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4. Identify and Analyze Project Benefits
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How to identify benefits3m 7s
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Benefits mapping2m 37s
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Quantify2m 41s
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Forecast2m 59s
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Documenting benefits2m 54s
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5. Plan to Realize Project Benefits
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Benefits measurement2m 51s
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Dealing with threats2m 46s
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6. Realize Project Benefits
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Emergent benefits2m 13s
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7. Review Project Benefits
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Continuous improvement2m 21s
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When to intervene3m 5s
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Conclusion
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Next steps52s
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Video: Where does benefits management fit in?