Benefits Management

Benefits Management takes place throughout the project. Potential benefits are firstly identified and quantified e.g. financial, observable etc… They are assessed in terms of the overall strategy i.e. why are they being purseued, what will the organization gain from these benefits. A Benefits Realization Network is then considered. This will basically provide you with the necessary change action to obtain the benefits. Here change and benefit owners are given responsibility. Execution begins (i.e. the project work begins) and benefits are reassessed. Some benefits will no longer be achievable and others may not be needed. so they are dropped. Likewise other benefits may be pursued. at the end of the project a post implementation review is undertaken to assess what benefits were realized or missed. Unexpected benefits are also documented here. Benefits management takes place throughout the project not simply at the end. From initial benefit analysis to monitor/control and evaluation. It is an important part of project management as without benefits the project would never be initiated.

I hope that helps.

Can you please kindly send me the Kaplan & BPP revision mocks for P3 Jun 2013 with answers.

Thanks,