Project benefits are the reason we do projects. Deliverables are only of any use to the extent that they also realize benefits.
So, what are Project Benefits?
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Deliverables are only of any use to the extent that they also realize benefits. Benefits are measurable improvements that are the outcome of a change your project creates. And your stakeholders must see them as positive.
So, products or deliverables are the tangible or experiential outputs from your project. These lead to changes in the real world – outcomes. And, if your stakeholders see those changes as good, they are benefits.
Net benefit is the total benefit minus total cost. Also, we sometimes call this ‘value’.
And some benefits are negative – or ‘disbenefits’. That is, your stakeholders perceive them to be a bad outcome.
I have just launched a brand new course. It’s called Project Benefits Management. The standard price is US$57 (+ any local taxes). Until the end of February 2021, there is a substantial launch discount of $30 discount (Pay only $27).
I asked Project Managers in a couple of forums what material things you need to have, to do your job as a Project Manager. They responded magnificently. I compiled their answers into a Kit list. I added my own.
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Dr Mike Clayton is one of the most successful and in-demand project management trainers in the UK. He is author of 14 best-selling books, including four about project management. He is also a prolific blogger and contributor to ProjectManager.com and Project, the journal of the Association for Project Management. Between 1990 and 2002, Mike was a successful project manager, leading large project teams and delivering complex projects. In 2016, Mike launched OnlinePMCourses.
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