Project Benefits Statement and The Process for Managing Project Benefits
When a business organization decides on initiating a new project, it needs to define an approach to managing project benefits statement and also define how exactly to benefit from successful completion of the project. An approach should provide the organization with a clear explanation on why to start the project and what benefits should be delivered to meet the business needs. Project benefits statement requires investigation of the business needs and definition of reasons for project initiation. Managing project benefits allows the organization to find out how to benefit from the changes being put in place.