What is Benefits Managements

The business challenges that some companies face require enterprise-wide solutions that call for an integrated approach and an effective management of organizational resources to achieve business objectives with an acceptable level of risk. A maturity model is an improvement approach which provides organizations with the essential elements for effective change. The maturity models process helps to integrate traditionally separate organizational functions, enhances goals and priorities, supplies guidance for quality processes, and shares benchmarks for appraising current outcomes. The benefits management approach emerges as a complement to traditional management practices and proposes a continuous mapping of business benefits and the implementation and monitoring of intermediate results. Benefits management reinforces the distinction between project results and business benefits.