The Purpose of a Benefits Review Plan: Understanding Its Significance

A.

A Benefits Review Plan is a document that outlines the approach to monitor, measure, and evaluate the benefits realized from a project. It defines the scope, timing, and ownership of the benefit reviews required, and it ensures that benefits realization is managed throughout the project lifecycle.

To answer your question, the purpose of a Benefits Review Plan is to achieve the following:

A. Define the period over which the cost-benefit analysis will be based: The Benefits Review Plan should specify the time period over which the cost-benefit analysis will be based. This period should reflect the time needed for benefits to be realized and measured. The plan should identify the relevant timeframes for measuring benefits and tracking progress toward realizing them.

B. Describe how to measure the performance of the project's products in operational use: The Benefits Review Plan should provide guidance on how to measure the performance of the project's products in operational use. This includes defining the metrics and KPIs used to track and monitor product performance, identifying the stakeholders responsible for measuring product performance, and establishing the procedures for collecting and analyzing performance data.

C. Define the scope, timing, and ownership of the benefit reviews required: The Benefits Review Plan should define the scope, timing, and ownership of the benefit reviews required. This includes identifying the benefits that will be realized, who will be responsible for realizing them, and when they will be realized. It should also outline the review process, including who will conduct the reviews and how often they will occur.

D. Describe how to measure and confirm any benefits that are to be realized after the project is closed: The Benefits Review Plan should describe how to measure and confirm any benefits that are to be realized after the project is closed. This includes identifying the post-project benefits, defining the metrics used to measure them, and establishing procedures for collecting and analyzing the data.

Therefore, the answer to the question is option D, which is not a purpose of a Benefits Review Plan. While the Benefits Review Plan may include information on how to measure and confirm post-project benefits, it is not the primary purpose of the plan. The main purpose is to define the approach to monitor, measure, and evaluate the benefits realized from the project.