Benefits Management

Projects are done to achieve benefits. Benefits are planned and managed by the portfolio office to achieve the organization’s strategy. It should be noted that this practice does not concern benefits from individual change initiatives but the project as a whole.

This practice is part of the Portfolio Delivery Cycle.

Purpose

All change initiatives are done to generate benefits. Benefits that are realised from projects and programmes contribute to the achievement of organizational strategy.

Implementing

The following activities form the portfolio benefits management practice:

Keys to Success

Reference class forecasting enables benefits to be estimated using information from past projects and programmes. When reporting, it is essential that the audience should only receive one version of the truth. A pre-planned route and a schedule for sending updates will be helpful to achieve this.

Written by Inham Hassen

This wiki is developed and managed by an accredited trainer, independent of AXELOS. While aligned with their guidelines, it’s not an official resource.