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Project Man – Objectives, Deliverables, Benefits – is there a difference?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › Project Man – Objectives, Deliverables, Benefits – is there a difference?

  • This topic has 1 reply, 2 voices, and was last updated 13 years ago by Ken Garrett.
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  • December 9, 2011 at 5:21 pm #51010
    skyxxx
    Member
    • Topics: 3
    • Replies: 4
    • ☆

    Really confused!!!

    I’ve seen these terms used almost interchangeably, is there a difference between them?

    I was coming to the idea there wasn’t, then I remembered that Benefits can be assessed using Observable, Measurable, etc while Objectives are set using SMART.

    I thought that objectives lead to benefits? e.g. An objective (SMART) would be to introduce an accounts package, and a benefit (OMQF) would be better management information (M), and staff morale perhaps (O)?

    This seems to make sense when you have a post implementation review – did the accounts package work? then a benefits realisation review – are staff happier? However reviewing Kaplan, they have a benefits dependency framework that suggests it’s the other way round… benefits lead to objectives?

    And so what the heck is a deliverable?

    This maybe obvious but I can’t see the wood for the trees anymore.

    Thanks!

    December 9, 2011 at 6:32 pm #91679
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    A deliverable is something achieved by a project. Essentially, the same as an objective, though might be in a bit more detail.

    I think that objectives lead to benefits, just as deliverables lead to benefits. For example, if the project delivers a better way of tracking shipments through using GPS technology, the benefit will be seen in greater customer satisfaction and greater sales.

    To some extent these terms deliverable/objective/benefit are used interchangeably or differently by different people. I don’t think you should worry about it too much. Learn one story and stick with it!

    HTH

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