Presented By - www.Tools4Management.com
Understanding Project Benefits An efficient manager makes sure that his or her team can make the maximum out of a particular project. As a manager, you must use project management tools online to assess measure, plan and record the benefits of a project. Benefits come into existence from the time the investment for a project starts and continue till the last benefit is received. The perfect project benefits should adhere to SMART criteria.
Benefits Management Process in Details • The benefits management process includes 4 steps. • Identification - Identifying benefits at the earliest stage, engaging the resource or team supposed to be benefitted, modeling and profiling the benefit. • Planning - Creating benefit realization plan and benefit management strategy. • Realization and record of benefits - Managing the benefits in the project • Evaluation - Reviewing the project after it is completed.
What are the Responsibilities of a Manager? • Manage daily activities in the organization with an aim to achieve benefits • Train resources to accomplish expected benefits • Maintain a benefit documentation library • Create report on the achievement of benefits • Track the direction of temporary arrangements in the business process • Ensure project success with the hope to realize benefits
Why is Benefits Realization an Integral Part of an Organization’s Management? •Benefits management is the link between change management and project delivery. •Benefits realization is the ultimate focal point of projects in change implementation. With the help of project management tools online and benefits management you can render optimum value to your business.
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