PMBOK® GUIDE SIXTH EDITION The key elements of the benefits management plan

PMBOK® GUIDE SIXTH EDITION The key elements of the benefits management plan

6 March 2021 Off By The Engineering Community

PMBOK® GUIDE SIXTH EDITION

The key elements of the benefits management plan

 

The benefits management plan describes key elements of the benefits and may include, but is not
limited to, documenting:

  • Target benefits (e.g., the expected tangible and intangible value to be gained by the
    implementation of the project; financial value is expressed as net present value).
  • Strategic alignment (e.g., how well the project benefits align to the business strategies of the
    organization).
  •  Time frame for realizing benefits (e.g., benefits by phase, short-term, long-term, and ongoing.
  •  Benefits owner (e.g., the accountable person to monitor, record, and report realized benefits
    throughout the time frame established in the plan).
  •  Metrics (e.g., the measures to be used to show benefits realized, direct measures, and
    indirect measures.)
  • Assumptions (e.g., factors expected to be in place or to be in evidence); and
  • Risks (e.g., risks for realization of benefits).