Benefits Management is the process of organising and managing a business programme such that the potential benefits arising from the use of the programme's product are actually realised. Benefits Management is an integral and vital part of program management. Program(me)s manage a number of projects. Whereas project management focuses on the delivery of objectives (outputs) - a product, in a certain timeframe, to quality standards and budget- programme management's task is to coordinate these projects and manage the delivery of benefits (outcomes.

The Importance of Benefits Management

Modern project management, with its variety of advanced tools and methodologies and an increasingly well trained and certified work force can deliver almost any given objective/product on time, on budget and to quality.
With the delivery of project objectives seemingly under control, organisations realise that many of their projects still not achieve their ultimate purpose: the organisational change, the business benefit that they were conceived to enable.
Organisations realise hat to drive home success, programme management must increasingly master the active identification, management and realisation of benefits. The proactive and conscious management of benefits is the key enabler for programmes to realise organisational success. It ensures that business change achieves the expected results: by translating business objectives into identifiable, measurable and manageable benefits

Assumptions and Constraints

Benefits can only be managed effectively if there is a clear understanding of the programme and programme deliverables already in place

Programme and benefits management are intertwined; one without he other will not lead to success

References

Benefits Realisation Management

See also