Output, Outcome and Benefit in PRINCE2
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The last stage that focuses on the project’s outcome is sustaining benefits. Project’s beneficiaries and benefit owners are executing sustaining benefits which is a constant activity. To their job belongs to ensure that achieved benefits have been realized within planned time and were tracked. Once the benefit’s input in the organization’s performance is known it should be shared in order to provide ongoing development in future operations. However, the need of setting substituting benefits may occur for instance in the case when established benefits will not be achieved due to unexpected reasons like market regulations or political situation. Ref 11 | The last stage that focuses on the project’s outcome is sustaining benefits. Project’s beneficiaries and benefit owners are executing sustaining benefits which is a constant activity. To their job belongs to ensure that achieved benefits have been realized within planned time and were tracked. Once the benefit’s input in the organization’s performance is known it should be shared in order to provide ongoing development in future operations. However, the need of setting substituting benefits may occur for instance in the case when established benefits will not be achieved due to unexpected reasons like market regulations or political situation. Ref 11 | ||
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Revision as of 15:13, 4 March 2019
Abstract
Before starting the project, it is essential to make sure that the project is worth to conduct which means the product will be desirable after finalization and valid throughout its lifetime. Deep knowledge about the project’s product is a crucial pending planning stage. PRINCE2 using terms “output, outcome, benefits” define the product, what changes the product will bring and the improvement which can be measured. This article will cover the meaning of these terms and what is the difference between them. Moreover, explanation of basic structure of PRINCE2 will be provided.
PRINCE2
PRINCE2 (PRojects IN Controlled Environments) is the newest version of methodology PRINCE which is created based on the Project Resource Organisation Management Planning Technique (PROMPT). This is one of the most common methods used during managing a different kind of projects in the world. It has been constructed in the way allowing to be applied to the projects in diversified environment irrespective of the organisation, type, and scale.[1]
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