The measurable improvement resulting from an outcome perceived as an advantage by one or more stakeholders.
Benefits Review Plan
A plan that defines how and when a measurement of the achievement of the project’s benefits can be made. If the project is being managed within a programme, this information may be created and maintained at the programme level.
The permissible deviation in the expected benefit that is allowed before the deviation needs to be escalated to the next level of management. Benefits tolerance is documented in the Business Case. See also ‘tolerance’.
The justification for an organizational activity (project), which typically contains costs, benefits, risks and timescales, and against which continuing viability is tested. Read more about the Business Case.