Benefits Management
Benefits Management is a structured approach to identifying, planning, measuring, and realizing the business benefits of projects, programs, or strategic initiatives. It focuses on ensuring that investments deliver tangible value by aligning outcomes with organizational goals and tracking benefits throughout the lifecycle. This methodology helps organizations maximize return on investment and justify resource allocation by prioritizing efforts that contribute most to strategic objectives.
Developers should learn Benefits Management when involved in large-scale projects, digital transformations, or product development where business value justification is critical, such as in enterprise software, IT infrastructure upgrades, or new product launches. It is essential for roles like technical leads, product managers, or architects to ensure their work aligns with business goals, improves stakeholder communication, and supports data-driven decision-making for resource prioritization.