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Benefit Management is a structured approach to the pro-active identification and realisation of benefits needed to achieve an overall goal. It is typically associated with change which is being carried out to deliver benefits and achieve objectives.
Quite simply because statistics and research continually highlight that change activity fails to deliver against its promises and one of the reasons for this is the lack of effective benefits realisation management. Also when effective benefits realisation management is used the value achieved increases significantly.
Identify
Define
Plan
Realise
Benefit ManagementBenefit