Introducing Benefits
Benefits represent the positive outcomes or value a project is expected to deliver, such as cost savings, efficiency gains, improved services, or increased revenue. This feature allows teams to define, track, and report on both tangible and intangible benefits throughout the project lifecycle.
This feature also allows the capture of Benefit Measures, i.e. the specific metrics used to track the realisation of project benefits over time. They provide a way to quantify progress toward expected outcomes by capturing actual values—such as cost savings, user adoption rates, or performance improvements—at regular intervals. By monitoring these measures, one can assess whether benefits are being achieved as planned and make informed decisions to maximize value.
Benefit Form
| Field | Comment |
| Title | The name of the Benefit. |
| ID | The reference ID associated with the Benefit. |
| Project | Project associated with the Benefit. |
| Description | A description of the Benefit. |
| Type | A drop-down menu to select whether the benefit is Financial or Non-financial. |
| Scope Reference | Search box to match a Scope Reference to a Benefit. |
| Assigned To | Who the Benefit is assigned to. |
| Rating | 5-point rating scale of the Benefit from Low to Extreme. |
| Target Amount | The target amount of the Benefit (if this is a financial benefit). |
| Due Date | The due date of the next Benefit review. |
| Realising Start Date | The date the Benefit’s realisation is due to start. |
| Amount Realised | The amount realised from the Benefit. |
| Closed Date | The closing date of the Benefit. |