Reaping the benefits
Now that more project-oriented companies have established mature project management processes that are enabling them to successfully implement their projects, executives in these organizations are now looking for ways to reap the most benefits from practicing project management. The result of this search has given rise to the practice known as benefits management. This article discusses how organizations are taking a more holistic approach to gaining value from projects. In doing so, it describes benefits management's three benefit types--economic, social, and corporate. It then overviews a three-step process that project managers can use to practice benefits management.