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The Benefits Management Plan is a component part of the End Project Report at Stage 5: Handover and closure of the project lifecycle and working towards approval at Gateway 5: Stand down.
The Project Manager is responsible for preparing and producing the Benefits Management Plan, in collaboration with Senior Users and other key stakeholders. Before going to the Board for approval, the Project Manager must obtain the Project Sponsor/Executive sign-off.
The Benefits Management Plan presents a summary of the project's benefits, expected by the Senior User, in terms of benefits achieved during the project lifecycle and benefits to be realised in the future by the designated Faculty/Directorate. It will also highlight any post-project benefits reviews that are required. This will include the level of achievement for each benefit and how the products have performed when in its business as usual (BAU) operational state. The Benefits Management Plan should be evidenced with a measurement of achievement for each benefit identified and approved by the Board for the project to deliver.
The appointed Board will review the information, together with the End Project Report and Lessons Learned Report and make an informed decision as to the performance of the project. On approval of the End Project Report, the project will be formally closed and handed over to the appointed business owner within the Faculty/Directorate. The Project Manager and core project team will be stood down.
Download Microsoft Word template