Benefit map analysis
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When benefit mapping is carried out, it should be done in a group and with key stakeholders. The chosen stakeholders ought to either have the ability to make impact or have high chance to be impacted by the project. From this the stakeholders get a better overall idea of what the targeted goals are and how they will be reached. <ref>Melton, T. (2007) Project Management Toolkit: The Basics for Project Success, Second Edition. Oxford: Elsevier Ltd.</ref> | When benefit mapping is carried out, it should be done in a group and with key stakeholders. The chosen stakeholders ought to either have the ability to make impact or have high chance to be impacted by the project. From this the stakeholders get a better overall idea of what the targeted goals are and how they will be reached. <ref>Melton, T. (2007) Project Management Toolkit: The Basics for Project Success, Second Edition. Oxford: Elsevier Ltd.</ref> | ||
| − | Organization that conducts the process of benefit mapping will not only have a realization of the right benefits for a successful project, those benefits will also provide a measurement of how valuable the project is. | + | Organization that conducts the process of benefit mapping will not only have a realization of the right benefits for a successful project, those benefits will also provide a measurement of how valuable the project is. <ref>Sierra, C. & Kunc, M. (2015) Benefits Realisation Management and its influence on project success and on the execution of business strategies, Volume 33, Issue 1.</ref> |
Revision as of 09:44, 19 September 2017
Abstract
A benefit map, a key feature in benefit realization management, is a tool that helps with the identification of benefits and their criteria in relation to specific organizational goals or objectives. [1]
When there is a potential project or program to be undertaken in an organization, an important question is why it should be implemented. By conducting a benefit map the end document will results in a visual diagram that shows directly what the project or program will contribute and if it is worth the effort. When benefit mapping is carried out, it should be done in a group and with key stakeholders. The chosen stakeholders ought to either have the ability to make impact or have high chance to be impacted by the project. From this the stakeholders get a better overall idea of what the targeted goals are and how they will be reached. [2]
Organization that conducts the process of benefit mapping will not only have a realization of the right benefits for a successful project, those benefits will also provide a measurement of how valuable the project is. [3]
References
- ↑ Breese, R. (2016) A unified view of benefits management/benefits realization management to be integrated into PMI standards. Sheffield Hallam University.
- ↑ Melton, T. (2007) Project Management Toolkit: The Basics for Project Success, Second Edition. Oxford: Elsevier Ltd.
- ↑ Sierra, C. & Kunc, M. (2015) Benefits Realisation Management and its influence on project success and on the execution of business strategies, Volume 33, Issue 1.
