This document outlines the key stages in a benefits management process including benefit identification, quantification, validation, ownership assignment, monitoring and controlling, and reporting. The process involves identifying potential benefits, mapping and quantifying them, socializing and assigning ownership, executing projects to realize benefits, and leveraging realized benefits in annual planning through ongoing monitoring, controlling and reporting.

1. Benefit Realization
Leveraging
Benefit
Identification
Benefit Monitoring
& Controlling
Benefit Validation
& Ownership
Strategy
Business
Case
Benefits
Plan
Changes &
Updates
Benefits
Report
Communicate
Corporate Targets
Identify Potential
Benefits
Confirm, Map
benefits and begin
quantification
Socialize the
benefits and assign
ownership
Execute the project
and prepare for
program benefits
Leverage the
realized benefits in
Annual Planning
Benefits Management: Cycles and Quadrants
Joseph Baines, PMP, MoP, CGEIT, ITIL