Benefits Realisation

Benefits realisation is the process of ensuring that the benefits of a project are realised. This includes identifying, measuring, and tracking the benefits of a project, as well as ensuring that these benefits are delivered to the stakeholders.

The benefits of a project can be divided into three categories: financial, operational, and strategic. Financial benefits are those that increase the bottom line of an organisation, such as increased revenue or reduced costs. Operational benefits are those that improve the efficiency or quality of an organisation’s operations, such as improved customer satisfaction or reduced downtime. Strategic benefits are those that align with an organisation’s strategy and help it to achieve its objectives, such as increased market share or improved brand awareness.

To ensure that the benefits of a project are realised, it is important to have a clear understanding of what these benefits are and how they will be measured. Once this is established, it is then necessary to track the progress of the project and monitor the delivery of these benefits. This can be done through various methods, such as interviews, surveys, focus groups, data analysis, and so on.