Benefits Realization Management: A Practice Guide by Project Management Institute;

Author:Project Management Institute;
Language: eng
Format: epub
ISBN: 9781628254815
Publisher: Independent Publishers Group

Benefits traceability matrix. A benefits traceability matrix is a grid that maps the planned benefits to portfolio, program, and project outputs. The benefits traceability matrix is a component of a benefits realization management plan and may supplement the benefits register. Again, like the benefits register and map, the benefits traceability matrix can be scaled to fit the BRM needs of the organization. Figure 3-6 shows an example of a matrix.

3.5.3 CATEGORIZING BENEFITS

Organizations face a variety of challenges when pursuing benefits. Categorizing these benefits not only helps to identify and group them, but also guides organizations on how to effectively manage their realization.

One of the main challenges is being able to communicate well with all stakeholders about which benefits are being pursued and why, benefit categories, and how benefits may or may not relate to each other or be realized. One way to improve communication and the understanding of benefits is to develop an approved classification scheme of commonly accepted categories.

Defining and communicating the categories of benefits helps organizations identify appropriate measures for tracking progress toward the attainment and sustainment of benefits. Benefit categories are an important component of the benefit profile of a given benefit and are typically captured in the benefits register.

There is no standard categorization scheme for benefits. Each organization needs to define and agree on the categories of benefits that are important for successful realization.

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