Benefit Realization Plan is the Mother Benefit Plan that is put together at any given time by organization key stakeholders and they end up choosing 3 - 5 major benefits the organization wants to achieve during a time period.
From these benefits, projects are chosen by the key stakeholders to bring these organizational benefits to realization.
Now the PM's Project- the tool to achieve the BRP's benefit/s : During conceptual idea stage of a project the key stakeholders, sponsor, initiator, could be also PM, experts, customer, etc,
they form a Business Case listing project benefits with project benefit owners for the project.
Then a Benefits Management Plan is formed by them which elaborates these same project benefits further and again listing project benefit owners.
( I'm feeling there are two sets of benefits - organizational ones in BRP and project ones in Project Bus Docs)
Questions:
1. Does the Benefit Realization Plan's organizational benefit/s that initiated the project, is this benefit/s also listed with the project's benefits in the Business Case and in the Benefits Man Plan?
Or just in the Charter as stated in the lecture? It seems BRP benefits should be listed in all three docs.
2. Is the Benefit Realization Plan one of the Business Docs for EVERY PROJECT?
4. How is the communication link established between the BRP's benefit owner and the PM established? Project Charter and Communication Plan? In the case if the PM needs to escalate an issue or concern about a benefit.
I've taken two course in Project Management and this is a new concept and sooooo VIP. I want to get it right. Just need to know how to connect the dots.
Donna