Which of the following is the most important component of a benefits realization report presented to the board?
Trap 1: Determine the technical infrastructure requirements.
Technical requirements are part of the project execution plan, not the benefits plan.
Trap 2: The technical specifications of the new infrastructure.
Technical specifications are not relevant to board-level benefits realization.
Trap 3: Assign technical staff to the project.
Staffing is an operational activity, not part of the benefits plan creation.
- A
Calculate the project internal rate of return (IRR).
Financial metrics like IRR are essential to validate the investment's value proposition.
- B
Define the measurable outcomes and how they will be tracked.
Defining clear, measurable outcomes is the foundation of benefits management.
- C
Comparison of actual realized benefits versus the original business case projections.
Variance analysis against the business case is the primary indicator of successful benefits realization.
- D
Determine the technical infrastructure requirements.
Why wrong: Technical requirements are part of the project execution plan, not the benefits plan.
- E
The technical specifications of the new infrastructure.
Why wrong: Technical specifications are not relevant to board-level benefits realization.
- F
Assign technical staff to the project.
Why wrong: Staffing is an operational activity, not part of the benefits plan creation.
- G
Detailed list of all software bugs encountered during development.
Why wrong: This is technical detail, not strategic value reporting.
- H
A complete breakdown of the project team members' hours.
Why wrong: Resource tracking is a project management metric, not a governance metric.
- I
Identify the project stakeholders.
Why wrong: Stakeholder identification is a precursor to planning, not the core task.