Example Grids

Benefits Management

Bringing a benefits management framework to life

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Benefits management framework

Benefits Management Framework - Templates & Plan

Using Method Grid we have developed a benefits management framework as a key theme within our overall Project and Program Management Methodology (PPM) grid.

What is benefits management?

Benefits management is concerned with bridging the fundamental link between project/program outputs and actual, targeted, causal beneficial outcomes. Perhaps, the most fundamental aspect of benefits management is the recognition that outputs do not logically-beget intended outcomes per se; rather, this process needs to be managed. Benefits management, therefore, involves the identification, definition, mapping and performance-tracking of targeted benefits in order to proactively maximize the realization of such outcomes.

What is a benefits management framework?

The term “benefits management framework” is used to describe a structured, repeatable approach for the design and implementation of benefits management practices. A benefits management framework will provide guidance, processes, tools and templates that support: the identification, definition, mapping and performance-tracking of targeted benefits through their full lifecycle.

A benefits management framework supports projectized organizations in achieving their strategic outcomes and maximizing their project-based return-on-investment.

Benefits management template

Using Method Grid we have developed a benefits management framework as a key theme within our overall Project and Program Management Methodology (PPM) grid.

This methodology grid serves as a complete end-to-end methodological toolbox for the delivery of a multitude of projects and programs. It has principle alignment with internationally recognized best-practice reference points including Prince2 and Managing Successful Programmes (MSP). The grid serves as a deep foundational starting point for organizations, and integrated delivery teams, to tailor-bespoke their own specific corporate frameworks.

Who might this framework be useful for?

The benefits management theme within the Project and Program Management (PPM) grid will be useful for all project and program management practitioners within your organization.

This guidance will also be relevant to all senior leaders in projectized organizations as the core subject matter of benefits management (the achievement of strategic objectives) will be of strategic importance to them.

Further, this resource can serve as a powerful teaching and support aid for those new to the project and program management skill set.

How is this benefits management tool best used?

The benefits management theme within this Project and Program Management (PPM) grid is designed as a robust starting point. It sets out the basic tenets of benefits management including such aspects as: business case development, benefits profiling, benefits realization planning and post project reviews/plans.

Project benefits management plan

This starting point can then be further configured to meet your own organizational needs and then continuously improved and refined.

It should also be noted that many organizations continuously refine such a master version but then create snapshots of this grid (using the clone functionality in Method Grid) to create specific instances of a benefits management framework.

These specific instances can then be easily configured to meet the scope of an individual project and harnessed as a connected-team management aid to track and assure progress across the project lifecycle.

Uniquely, this application of Method Grid then provides the project practitioner with all the relevant knowledge resources (guidance, templates etc) alongside powerful team-collaboration and project management tools (task assignment/scheduling, visual progress reporting, task-evidencing etc).

What does this benefits management framework consist of?

The benefits management framework consists of multiple elements that include detailed guidance on: business case development and the management discipline of benefits management overall.

There are also elements for specific benefits management deliverables you would expect to see in a live project: business case, benefits management strategy, benefits realization plans and post project reviews/plans. These elements contain guidance and relevant links/videos as well as document templates.

Benefits management overview

This overall PPM grid contains a wealth of further guidance documentation, management tool templates and “hints and tips” – over 50 rich resource elements – as captured within a complete end-to-end project and program management lifecycle, against the following themes:

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