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Program & Project Management module :-
Benefits realization
Realise your full potential
Set the strategic direction for your organization, program or project and track progress toward your goals with the Psoda benefits realization tool.
- Develop a benefits map that gives you an overview of your project benefits.
- Define your key performance indicators (measurements) for each benefit.
- Automatically aggregate sub-benefits to calculate the achieved value of a benefit.
- Track and plot achieved values against the target value over time.
- Link benefits from a sub-project or project into a program-level benefit.
- Add comments or assumptions on each benefit.
- View the overall status of the benefits map.
Who uses it?
- Management teams to set the strategic direction of their organization, program or project and to monitor progress toward the end goals.
Screenshot: Benefits table
This table shows linked benefits from the Logistics and IT programs. The achieved value (or current value) of these two benefits are added together to automatically calculate the current value benefit.
Color coding lets you quickly check the status of your benefits. In this example, the target was to reduce electricity usage to 1000kWh, but it has reached 900kWh amber-color coding indicates the benefit has been over-achieved, and shows an extension over 100%.
Screenshot: Benefits map
You can also visualize your benefits in a map. The map shows the benefits (red/orange/green circles), initiatives (blue rectangles) and assumptions (yellow hexagons) and their relationships (the lines with arrows).
The benefits on the map are color coded to indicate their progress from red (0% complete) through orange (50%) to green (100%).
The gray arrows in the map show where benefits have been linked in, for example from a program or project.
If you have the right permissions you can move the benefits, initiatives and assumptions around on the map. You can also zoom in or out using the red slider on the right-hand side of the map.
Aggregation
Sometimes it is possible to directly calculate a benefit's current value based on the values of its sub-benefits. This is called aggregation.
There are a number of different ways to aggregate:
| Aggregation | Description |
|---|---|
| None | No aggregation, i.e. this benefits current value is entered manually |
| Count | Count the number of sub-benefits |
| Sum | Sum together the current values of all the sub-benefits |
| Average | Calculate the average of the current values of all the sub-benefits |
| Minimum | Calculate the minimum of the current values of all the sub-benefits |
| Maximum | Calculate the maximum of the current values of all the sub-benefits |
| Multiply | Multiply together the current values of all the sub-benefits |
| Expression | An expression can be used to perform an arbitrary calculation on the values of the sub-benefits to determine the current value for a benefit. |
Linking benefits
Benefits can be linked together to form additional networks, for example linking a project-level benefit as a sub-benefit to a program-level benefit. The linked benefits can then participate in any aggregation calculations.
Assumptions
Assumptions can be added as notes to benefits. You can also add a workflow to regularly review these assumptions.
