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PRINCE2 2009 - Directing Projects with PRINCE2 part 67

Reviewing benefits

Context

review the benefits context smallreview the benefits context

Project work is pointless unless the organization sponsoring the project perceives that it will contribute towards business benefits.


Where projects are part of a business change programme - and, in particular, when using OGC’s Managing Successful Programmes (MSP®) - the role of the projects is to ‘create business outputs’ (products).
The role of the programme is to direct the projects in order to achieve longer-term outcomes (i.e. the results of the changes) and benefits (i.e. advantageous improvements) in line with the sponsoring organization’s strategic objectives.

Thus the emphasis in PRINCE2® is on products and the emphasis in MSP® is on outcomes and benefits.
In an MSP® programme, benefits management is normally undertaken at the programme level.

However, not all projects are organized to form part of a wider programme and not all programmes are structured in line with the MSP® guidance.
Moreover, it is often the case that some of the outcomes are achieved and benefits can be realized while the project is still in existence - and can therefore be managed within the scope of the project.

Regardless of whether the project exists within a programme or not, the senior managers who have governed a project are likely to have a role to play in ensuring that the organization gains the benefits expected from the investment.

All references above are in Directing Successful Projects with PRINCE2 unless stated otherwise.

PRINCE2® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries.
MSP® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries.

This product contains EVERYTHING in the publications:

Managing Successful Projects with PRINCE2 - 2005 edition
Managing successful Projects with PRINCE2 – 2009 edition
Directing Projects with PRINCE2.
plus:
The Complete Project Management package.

And much more besides - at a fantastic price.