To be successful, all business projects
should have a clear objective, practical implementation, and deep understanding
of all the related costs and benefits of the project. While it may seem
relatively simple, understanding and defining business benefits can be tricky
sometimes. To break down the concept in a simple and comprehensible way,
business benefits can be divided into three major types – soft benefits, hard
benefits, and productivity.
Ensure projects have five core elements:
These five element will ensure that the Cost Benefit Case is achieved.