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1.2.6.2 - Project Benefits Management Plan
1.2.6.2
6
Management
Post-Graduate
07/14/2020

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Term
What is the second part of the business documents?
Definition
A Project Benefits Management Plan.
Term
What is a project benefits management plan? What else does it describe?
Definition
A document showing how and when the benefits of a project will be delivered. Also describes mechanisms to measure benefits.
Term
What are the seven elements of benefits? (S.T.A.R.B.M.T.)
Definition
Strategic alignment, target benefits, assumptions, risks, benefits sponsor, metrics, timeframe for realizing benefits.
Term
How is a benefits management plan developed?
Definition
Developed by business case and needs assessment.
Term
What do the metrics provide?
Definition
Validation of success and verification of business value
Term
Development and maintenance of BMP is a ____cycle
Definition
Iterative Cycle
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