Benefits Management Approach Template

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Download Benefits Management Approach

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The purpose of the Benefits Management Approach is to identify the benefits and most importantly, to select how the benefits can be measured so that it is possible to show that they have been reached. You can then compare the new results to the current situation as it is today (baselined measurements)

The Benefits Management Approach must include information on the expected timeline for these benefits, i.e., when the benefits can be expected and measured, and who will gather the information.

Tip: If you can’t measure a benefit, then don’t claim it as a benefit

Who is responsible?

  • The Senior User Role is responsible for specifying the benefits. After the project is finished and the project team is disbanded, one of the persons responsible from the Senior User Role will be reporting on the realized benefits to the Corporate or Programme Management. They have to clearly show that the expected benefits have been reached or provide information otherwise.
  • The Executive is responsible to ensure that benefits reviews are planned and executed. These can happen during and after the project.
  • The Project Manager reports to the Project Board on any expected benefits that have been realized during the project, and updates the Benefits Management Approach. They will also plan the post-project benefits reviews in the last stage of the project.

Benefits Management Approach

  1. Created (facilitated) by the Project Manager in the Initiation Stage
  2. The Senior User will normally provide most to the information
  3. The Project Board will approve the Benefits Management Approach at the end of the Initiation Stage
  4. The Project Manager can check for realised benefits at the end of each stage
  5. The Project Manager can check for realised benefits at the end of the project and will schedule the post-project benefits reviews
  6. After the project, the Corporate or Program Management will take over the responsibility of checking for realised benefits.

The Benefits Management Approach has to cover the activities to find out whether the expected benefits of the project deliverables have been realized and how the products have performed when in operational use. Each expected benefit has to be assessed for the level of its achievement. There may also be unexpected side-effects, either beneficial or adverse and Time and effort have to be allowed to identify and analyse why these side effects were not foreseen.

Advice The Benefits Management Approach is derived from the: Business Case and Project Product Description (in particular the acceptance Criteria) and other information provided by the Senior User

The Benefits Management Approach can take a number of formats, including: Document, spreadsheet or presentation slides; (just keep it simple)

The following quality criteria should be observed:

  • Covers all the benefits in the Business Case
  • If it can't be measured then it is not a benefit (so don't try to measure it)
  • The benefits are measurable and baseline measures (today's measurement) have been recorded
  • Describes suitable timing for measurement of the benefits, together with reasons for the timing
  • Identifies the skills or individuals who will be needed to carry out the measurements
  • You may include the effort and cost to undertake the benefits reviews is realistic when compared with the value of the anticipated benefits
  • Consideration should also be given to whether dis-benefits should be measured and reviewed.

Benefit Matrix

Ref no. Benefit Description Owner[1] Measurement[2] Resources[3] Baseline[4]
How When

The Project’s Product

(In addition to the individual benefits of the project, provide some notes on how the performance of the overall Project’s Product will be reviewed)


(Included against each benefit in the matrix but it may be helpful to provide some overall comments or requirements here)



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  1. The Owner is the person who is accountable for the expected benefits
  2. Describe how to measure achievement of expected benefits, and when they can be measured
  3. What resources are needed to carry our the review work
  4. Baseline measures from which the improvements will be calculated