Solving the Benefits Puzzle (Electronic book text)

For years organisations have struggled to effectively track and measure the benefits expected from their projects. Management is frustrated at the continuing lack of benefits measurement.But the situation is worse than just poor measurement. Most projects actually leave many of their potential benefits 'on the table' unidentified. They then, inadvertently, lose, destroy or miss many other benefits. Our research has shown that most projects deliver less than half of their potential value. This loss represents billions of dollars a year in lost or missed benefits! Most of this loss goes unmeasured. Traditional approaches to benefits management just haven't worked. They seem workable on paper but, when put to the test, do not effectively identify, quantify, track and measure benefits both during and after the project.The reasons why benefits management has remained a 'lost cause' for so long are numerous, including lack of attention, desires to avoid accountability, confusion, sloppy language and the bad results of previous half-baked attempts."Solving the Benefits Puzzle" spells out the problems and the solution. A solution that has already been adopted in numerous organisations with astounding success. The solution is based on the deceptively simple Benefits EquationTM that focuses attention on the five key elements of benefits management and allows all of them to be tracked and measured.