Benefits Realization Planning Template

Project 6x4 Multi-Axle Vehicle Project Project Manager

Objective Measures
Include benefits that will be measured and tracked in quantifiable terms based on specific outcomes of the project.
Nature of benefit Value of benefit Date of Measurement approach Notes
Include the category Include the benefit Include a precise description of how the Include any additional information that is
of benefit that is being amount and unit Include the benefit will be measured. considered relevant to the measure.
measured, (e.g. of measurement date by
financial gain, for the selection as which the
employee reduction standalone entries benefit is to
measure or without a total as be accrued.
product/market there may be
expansion) multiple units of
measurement for
different values
Improvement in Cannot be 2 years from Automobile manufacturers association This is in reference to current market
market share calculated product sales figures conditions and forthcoming competitor
release models.
Achieve sales of US$7 million yearly 3 years from Total product sales figure based on N/A
10,000 vehicles per revenue from this project invoicing
year for 3 years product initiation
Serve as a platform Independent 4 years from Total product sales figure based on Indirect benefit: US$25 million yearly revenue
vehicle for eight assessment cannot project invoicing from sales of product variants. The benefit is
variants be done initiation not considered here, as it is attributed to
individual variant project proposals. Refer to
respective product details.
Subjective Measures
Include measures that require interpretation and cannot be measured as precisely as the objective measures.
Description of benefit Person responsible for assessment Notes
Include the description of how the benefit is to be determined Include people who are qualified and Include any additional information considered
and the kind of improvement being sought, including target independent to ensure that the relevant to the measure.
values or behavior/scenarios/environment that is expected assessment is credible and not subjected
to personal bias.
“Best in class” assessment survey for M&HCV product TBD To be finalized from one of the three existing
platform by individual agency research organizations currently tendering
 services. The existing survey partners are ABC,
OPQ and RST.
Achieve “most fuel-efficient commercial vehicle” within 3 Auto World Magazine N/A
years of launch
Declaration of No Measurable Benefits
Include explanation whenever there is no expectation of measurable benefits (at least in the short term).
Approved by Explanation
Include who will approve and authorize Provide the reason why a project is being approved without benefits. This should be as complete as possible
initiatives that do not need to generate an to allow a reader to understand the explanation behind the decision.
immediate return on investment.

Jane Doe, sponsor There is a remote possibility that the benefits remain unachieved in part or in full. However, with reference
to the latest customer survey, there is a strong need to launch a new fleet of vehicles in the M&HCV market
segment due to the following:
1. Products launched by foreign competitors already possess new technologies that our products do
not offer.
2. Our key differentiator, fuel efficiency, will trail behind other competitors in the next 3 years due to
the technology that competitors are using.
Thus, the existing fleet of vehicles has to be replaced with new vehicles in the near future.

Developed by PMI for PMIstandards+ with contributions from Vrushank Buch, PMP. ©PROJECT MANAGEMENT INSTITUTE, INC.