Managing Benefits
1 Pager Managing_Benefits from QRC
Edinburgh tram project ‘in trouble right from the start’
Pre-Mortem process – Save your failed project!
Notes – foundation
Northern Ireland Dept. of Finance
Course material:
Slides
Instructor guide
The Principles and possible workshops[edit]
- Align benefits with strategy
- Help the organisation get S.M.A.R.T. strategic goals.
- Most organisations have strategic fluff so help them.
- Start with the end in mind
- Do a Benefts Mapping workshop showing visually how the benefits are linked to strategic goals.
- If they can’t be linked,cancel the project?
- Utilize successful delivery methods
- MoP, MSP, PRINCE2, PMI for direction then Agile incremental methods for delivery
- Integrate benefits with performance management
- Book the benefits in budgets, headcount targets, business unit costs etc.
- Align bonus systems with benefits where possible. Talk with HR.
- Manage benefits from a portfolio perspective
- Consistency
- Double counting is minimised
- Project and Programme lessons are finally used!
- Develop benefits eligibility rules (categorised, quantified, valued, validated)
- Apply effective governance
- Clear governance and decision rules, who is responsible for what?!
- Regular reviews on benefits, not only projects
- Develop a value culture
- New behaviour will not happen overnight but make Benefits Management a business change in its own right?
- PRINCE2 or PMI or Agile does not equal benefits. Focus more on value and less on methodologies
Is it possible to implementing Benefits Management with Kotter’s 8-steps model?[edit]
- Establishing a Sense of Urgency
- Creating the Guiding Coalition
- Developing a Vision and Strategy
- Communicating the Change Vision
- Empowering Employees for Broad-Based Action
- Generating Short-Term Wins
- Consolidating Gains and Producing More Change
- Anchoring New Approaches in the Culture

Stephen Jenner is one of the world’s leading Project Portfolio and Benefits Realisation Management subject matter experts.
Stephen Jenner is one of the world’s leading Project Portfolio and Benefits Realisation Management subject matter experts.
Stephen Jenner is one of the world’s leading Project Portfolio and Benefits Realisation Management subject matter experts.
Stephen Jenner is one of the world’s leading Project Portfolio and Benefits Realisation Management subject matter experts.
Stephen Jenner is one of the world’s leading Project Portfolio and Benefits Realisation Management subject matter experts.
Stephen Jenner is one of the world’s leading Project Portfolio and Benefits Realisation Management subject matter experts.
Stephen Jenner is one of the world’s leading Project Portfolio and Benefits Realisation Management subject matter experts.
Stephen Jenner is one of the world’s leading Project Portfolio and Benefits Realisation Management subject matter experts.