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 Economic and other feasibility  Economic and other feasibility   Manage the Benefits   Manage the Benefits

Manage   »   Strategy   »   Benefits

Your project will be proclaimed a success when it delivers on time and to budget. However, your project can only be accurately upheld as a success when it delivers the desired benefits and/or outcomes it pledged. Delivery of a project without the ultimate benefits promised at the start of the project is not a fully successful delivery, in anyones book.

It is an odd, though not rare, occasion to learn of companies spending hard earned funds on internal projects that fail to be implemented not because the solution is unfit or of poor quality or that the project drained extra funds or deliverables arrived late but because there is no process in place to make certain the solution is promoted, encouraged and supported in order to actually drive out and achieve the originally promised benefits. The process to provide the momentum to uncover the final benefits takes time, effort and Commitment. However, it is vital to ensure the delivered solution gets used fully and is formally accepted as well as implanted in the organisation prior to unearthing and mining the benefits.

The benefits are the financial and other payback to the organisation for the investment that it provided at the outset. Those who sought funding at the start of the project used this offer as the leverage to secure funds. Now the opportunity exists to convert those promises into a series of paybacks. It is therefore not unreasonable for the organisation to seek the return offered for the investment provided.


 Economic and other feasibility     Economic and other feasibility   Manage the Benefits    Manage the Benefits

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