Benefits Sustainment
Benefits Sustainment is a crucial aspect of Program Benefits Management that focuses on ensuring the continued realization of program benefits after the program's completion. It involves monitoring, measuring, and managing benefits to maintain their value and alignment with organizational objectives.
Why Benefits Sustainment is Important:
1. Ensures long-term success and value of the program
2. Aligns program outcomes with organizational strategy
3. Maximizes return on investment (ROI)
4. Supports continuous improvement and adaptability
What is Benefits Sustainment?
Benefits Sustainment is the ongoing process of monitoring, measuring, and managing program benefits after the program has been completed. It involves:
1. Tracking benefits realization progress
2. Identifying and addressing any deviations or risks
3. Communicating benefits status to stakeholders
4. Adapting to changes in the business environment
How Benefits Sustainment Works:
1. Establish a benefits sustainment plan: Define roles, responsibilities, and processes for ongoing benefits management.
2. Monitor benefits realization: Regularly assess the progress of benefits realization against planned targets.
3. Identify and manage risks: Proactively identify and address any risks or issues that may impact benefits realization.
4. Communicate and report: Provide regular updates on benefits status to stakeholders and decision-makers.
5. Adapt and improve: Continuously review and adjust the benefits sustainment plan based on changing circumstances and lessons learned.
Exam Tips: Answering Questions on Benefits Sustainment
1. Understand the key concepts and processes involved in Benefits Sustainment.
2. Recognize the importance of ongoing monitoring, measurement, and management of benefits after program completion.
3. Identify the roles and responsibilities of program managers and other stakeholders in Benefits Sustainment.
4. Apply critical thinking to scenario-based questions, considering the impact of decisions on long-term benefits realization.
5. Familiarize yourself with common tools and techniques used in Benefits Sustainment, such as benefits dashboards, risk registers, and stakeholder communication plans.