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The Benefits Plan documents what the Project benefits are, how they will be realised and when, who is responsible for realising them, and how these benefits will be tracked and measured (both during the project and afterwards).

Benefits Management is a vital and often under-looked area of Project Management.

The Project Benefits Plan (sometimes called the Benefits Realisation Plan) should track both hard benefits (e.g. cost reduction) and soft benefits (e.g. team morale, brand image).

The tracking and realisation should be overseen and verified by a 3rd party to ensure objectivity.

The Project Benefits Plan should include:

- Benefit Measures
- Timing of Benefits
- Lead Indicators
- Output Measures
- Timing of Benefits Measurement
- Detailed Business Benefits Profile (for each benefit)

Phase
Project Planning

Author
Project Manager / Benefits Manager

Context
Benefits information should contribute towards both the Project Plan and the Business Case

Price - $3

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