Benefits Management Overview (PowerPoint PPTX)

Learn and understand the Benefits Management lifecycle and process. Stakeholder Engagement, Categorisation, developing the Benefits Map, Benefit Profiles and the Benefits Realisation Plan. When and how to conduct Benefit Reviews. How to prepare the business for accepting the changes required to achieve benefit realisation. Key roles and responsibilities at each stage

Benefit categorization is essential for understanding the tangible and intangible impacts on your organization. Tangible benefits, such as financial impact and stakeholder influence, can be quantified using agreed methods. Intangible benefits, like increased customer satisfaction and reduced risk, though harder to measure, can significantly affect business performance. This PPT provides a detailed framework for identifying and categorizing these benefits to ensure thorough analysis and strategic alignment.

Risk assessment is a critical component of benefits management. The document includes a detailed table illustrating how different risk ratings impact the achievable value of benefits. This helps in prioritizing efforts and resources to mitigate risks effectively. By understanding the potential risks and their implications, you can make informed decisions to maximize benefit realization and ensure project success.

Managing the transition phase is crucial for embedding new working practices and achieving business transformation. The document outlines the responsibilities of the Business Change Manager in ensuring that business areas are stable and ready to adopt changes. It also emphasizes the importance of removing access to legacy systems to prevent regression. This comprehensive guide ensures that all aspects of benefits management are covered, from planning to post-transition, providing a robust roadmap for successful implementation.