The standard for project management

Assumptions

 (e.g., factors expected to be in place or to be in evidence); and

u

u

Risks

 (e.g., risks for realization of benefits).

Developing the benefits management plan makes use of the data and information documented in the business case 

and needs assessment. For example, the cost-benefit analyses recorded in the documents illustrate the estimate of 

costs compared to the value of the benefits realized by the project. The benefits management plan and the project 

management plan include a description of how the business value resulting from the project becomes part of the 

organization’s ongoing operations, including the metrics to be used. The metrics provide verification of the business 

value and validation of the project’s success.

Development and maintenance of the project benefits management plan is an iterative activity. This document 

complements the business case, project charter, and project management plan. The project manager works with the 

sponsor to ensure that the project charter, project management plan, and the benefits management plan remain in 

alignment throughout the life cycle of the project. See 

Business Analysis for Practitioners: A Practice Guide 

[7], 

The 

Standard for Program Management

 [3], and 

The Standard for Portfolio Management

 [2].