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Benefits mgmt

APM PMQ Competence nine terminology

TermDefinition
Benefit A positive and measurable impact of change.
Benefits management The identification, definition, planning, tracking and realisation of benefits.
Benefits management plan A plan that specifies who is responsible for achieving the benefits set out in the benefits profiles and how achievement of the benefits is to be measured, managed and monitored.
Benefits realisation The practice of ensuring that benefits are derived from outputs and outcomes.
Disbenefit A measurable decline or negative impact of change.
Benefits framework The expected benefits of the project, the BAU operations affected and current and target performance measures. The totality of plans and arrangements to enable the organisation to realise the defined benefits from a project.
Benefits profile A representation of when the benefits are planned to be realised.
Created by: CITI
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