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BS 202002:2023 Applying benefits management on portfolios, programmes and projects. Guide, 2023
- Foreword
- 0 Introduction [Go to Page]
- Figure 1 — Structure of this British Standard
- 1 Scope
- 2 Normative references
- 3 Terms and definitions
- 4 Context in which benefits management should happen [Go to Page]
- 4.1 Value of implementing benefits management
- 4.2 Organizational context
- Figure 2 — Example of how benefits align to strategy and objectives, and are realized through portfolios, programmes and projects
- 4.3 Portfolios, programmes and projects
- Figure 3 — Example of the relationship between portfolios, programmes, projects and other related work
- 4.4 Management of organizational and societal change
- 4.5 Benefits
- Figure 4 — Traceability from outputs to objectives
- 4.6 Benefits management
- 5 Governance of benefits management [Go to Page]
- 5.1 Management framework
- 5.2 Assurance of benefits management
- 5.3 Benefits management roles
- Table 1 — Example of benefits management roles for a programme and their responsibilities
- 6 Principles [Go to Page]
- 6.1 Benefits management effort is proportional to the impact of the investment
- 6.2 Business case or portfolio plan sets out benefits and is reviewed
- 6.3 Benefits management is an ongoing activity
- 6.4 Stakeholders are engaged in benefits management
- 6.5 There is clear responsibility for realizing benefits after work components are completed
- 6.6 Benefits should be prioritized for management and realization
- 6.7 Benefits have a causative connection to the work components which enable them
- 6.8 The time period over which benefits are recognized is defined
- 6.9 Environmental and social benefits are recognized and reported
- 7 Application of benefits management across a portfolio [Go to Page]
- 7.1 Overview
- Figure 5 — Benefits management in a portfolio
- 7.2 Define and clarify required benefits
- 7.3 Assess benefits realization
- 7.4 Identify benefits variance
- 7.5 Address benefits variance
- 8 Application of benefits management across a programme or project [Go to Page]
- 8.1 Overview
- 8.2 The process of benefits management across a programme or project life cycle
- Figure 6 — Benefits management in a project or programme
- Figure 7 — Benefits management practices in relation to a typical life cycle of a project
- Figure 8 — Benefits management practices in relation to a typical life cycle of a programme
- 8.3 Define need or opportunity, and value to the organization
- Figure 9 — Links between portfolio benefits management and other work component benefits management
- 8.4 Plan benefits and contribute to the business case
- 8.5 Recommend decisions during delivery of a work component to optimize benefits realization
- 8.6 Monitor benefits realization
- 8.7 Benefits management in other related work
- 8.8 Programme and project benefits in the context of portfolio management
- 9 Benefit cycle [Go to Page]
- 9.1 Overview
- Figure 10 — Benefit cycle
- 9.2 Identify a benefit
- 9.3 Plan a benefit
- 9.4 Realize a benefit
- 9.5 Review the realization of a benefit
- 10 Benefits management practices [Go to Page]
- 10.1 Overview
- 10.2 Benefits mapping
- 10.3 Benefits categorization
- 10.4 Benefits valuation, forecasting and measurement
- 10.5 Risk, assumption, issue, dependency (RAID) management
- 10.6 Prioritization of work
- 10.7 Benefits realization plan
- 10.8 Benefits realization reporting
- 10.9 Engagement and consultation with stakeholders
- 10.10 Documenting benefits management
- 11 Implementation of benefits management across the organization [Go to Page]
- 11.1 Overview
- 11.2 Implementing a benefits management framework
- 11.3 Establishing defined reporting units
- 11.4 Establishing a metrics and measures repository
- 11.5 Using benefits management for decision‑making
- 11.6 Using benefits management to drive strategy
- Annex A (informative) Example of the use of benefits management for investment decisions [Go to Page]
- Figure A.1 — Example gates between phases and the associated benefits management activities
- Table A.1 — Decision points (gates) in the example project life cycle
- Annex B (informative) Examples of benefits maps [Go to Page]
- Table B.1 — Benefits map types
- Figure B.1 — Example of a bi-directional benefits map
- Figure B.2 — Example of a benefits dependency network (BDN)
- Figure B.3 — Example of a results chain benefits map
- Annex C (informative) Demonstrating achievement of implementation at different levels
- Bibliography [Go to Page]
