Benefits Management Plan in Project Management

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  • Опубліковано 25 сер 2020
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КОМЕНТАРІ • 27

  • @pmclounge
    @pmclounge  Рік тому

    Check out more Integration management videos here goo.gl/9ykFwq

  • @moatazaly8365
    @moatazaly8365 3 роки тому +3

    Intangible like saving cost and time. Enhancing your reputation in the market. Fulfilling regulatory/governmental requirements.

  • @vettv3462
    @vettv3462 11 місяців тому +1

    Best video for Pmp

  • @pretomghosh6231
    @pretomghosh6231 2 роки тому +3

    Let's say a government body initiated a project to construct a bridge which will connect a remote territory with the capital city. The remote territory has huge potential and strategic advantages so that industries can be developed there whereas due to lack of road connectivity it wasn't possible in the past. As a result, after the construction of the bridge, let's say 50 new industries have been built there which created jobs and livelihood for around 200k people.The government had a point in their manifesto that they will lower the unemployment rate in the country. The creation of jobs and livelihood will help the government to fulfil their commitment and it will act as an intangible benefit for the government and for the whole country as well.

  • @robertmusilli5198
    @robertmusilli5198 3 роки тому +1

    great

  • @georgebalansag6118
    @georgebalansag6118 3 роки тому +1

    Intangible such as software development outcome which is not physically touched. I hope I am right.

  • @MuhammadWaqas-gr4gg
    @MuhammadWaqas-gr4gg 3 роки тому +1

    Can you plz elaborate the difference between Outcome and Benefits of the project with some real life example...

    • @pmclounge
      @pmclounge  3 роки тому +8

      Let's say you are creating an e-commerce website. The outcome of your project is an e-commerce website. But the users find your checkout process to be too complex and leave it midway without making any payment. So you delivered the project outcome but not the benefit that could've been derived from that outcome. Don't forget to subscribe for more on project management 😊👍

  • @sathish5722
    @sathish5722 3 роки тому +1

    Where this fits in the PGKA? As part of Develop Project Charter? Thanks.

    • @pmclounge
      @pmclounge  3 роки тому +1

      A benefits management plan document can be seen as something that predates even the project charter. Although, ofcourse this isn't a static document either. For more details check out the article www.pmclounge.com/benefits-management-plan/

  • @moatazaly8365
    @moatazaly8365 3 роки тому +1

    Business Documents = Business Case + Benefits Management Plan.

  • @eatsleep8688
    @eatsleep8688 Рік тому +1

    outcome of a project is the benefit

  • @rajajani5494
    @rajajani5494 3 роки тому +2

    Benefit management plans comes under project commissioning and project closure?

    • @pmclounge
      @pmclounge  3 роки тому

      It is one of the initial documents that the project team creates

    • @moatazaly8365
      @moatazaly8365 3 роки тому

      @@pmclounge Its one of the Pre project documents.

  • @cmj13
    @cmj13 3 роки тому +1

    Service Benefit

  • @sathish5722
    @sathish5722 3 роки тому +1

    Those risks captured here will also be captured in Risk register as part of Risk Management? Thanks.

    • @pmclounge
      @pmclounge  3 роки тому

      Absolutely. The project team will most likely have much more details about these risks and they will be documented elaborately in the risk register 👍🙂

    • @moatazaly8365
      @moatazaly8365 3 роки тому +1

      Its whole project risks not individual risks.

  • @mohammadruhailgulzar4146
    @mohammadruhailgulzar4146 3 роки тому +1

    Intangible benefit - Customer satisfaction

    • @pmclounge
      @pmclounge  3 роки тому

      Agree 🙂👍

    • @siladitya1985
      @siladitya1985 2 роки тому

      If I may add. Data collected through a Customer Satisfaction Survey with scores may help to make this a tangible benefit ? Happy to be corrected though.