Managing time, budget, and scope will only get you so far. Too often, the benefits defined in business cases are forgotten once the project is underway and are not achieved when the project is completed. The project may finish on time, but it never delivers expected value to the business.
- Benefits realization ensures that the benefits defined in the business case are used to define a project's expected value, and to facilitate the delivery of this value after the project is closed.
- IT can play a key role by establishing and supporting a benefits realization process. They can help business unit leaders and sponsors define benefits properly, identify meaningful metrics, and report on benefits realization effectively.
Do not waste time starting from scratch. We have provided exemplar workflows, tools, and templates that you can easily customize to quick-start your benefits realization process.