Benefits Register

A benefits register is a crucial tool in program benefits management. It is a document or repository that captures and tracks all the identified benefits of a program throughout its lifecycle. The benefits register helps ensure that the program delivers the intended value to the organization and stakeholders.

Importance of a Benefits Register:
1. Aligns program outcomes with organizational objectives
2. Facilitates benefit tracking and realization
3. Enables informed decision-making and program adjustments
4. Communicates the value of the program to stakeholders

What is a Benefits Register?
A benefits register typically includes the following information:
1. Benefit description and categorization
2. Benefit owner and stakeholders
3. Metrics and key performance indicators (KPIs)
4. Baseline and target values
5. Timelines and milestones for benefit realization
6. Dependencies and risks associated with each benefit

How a Benefits Register Works:
1. Benefits are identified and documented during program initiation and planning
2. The benefits register is regularly updated and reviewed throughout the program lifecycle
3. Benefit owners are assigned to ensure accountability and realization
4. Progress towards benefit realization is monitored and reported
5. The benefits register informs program governance and decision-making

Exam Tips: Answering Questions on Benefits Register
1. Understand the purpose and components of a benefits register
2. Recognize the importance of aligning benefits with organizational objectives
3. Know how benefits are identified, documented, and tracked
4. Be familiar with the roles and responsibilities associated with benefits management
5. Understand how the benefits register relates to program governance and decision-making

Remember, the benefits register is a living document that evolves throughout the program lifecycle. It is a critical tool for ensuring that the program delivers the intended value and benefits to the organization and stakeholders.