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Last edited 05 Oct 2021
Guide for Effective Benefits Management in Major Projects, published by the Infrastructure and Projects Authority in October 2017, defines a benefit as: ‘The measurable improvement resulting from an outcome perceived as an advantage by one or more stakeholders, which contributes towards one or more organisational objectives’
Project Routemap, Setting up projects for success, Organisational Design & Development, UK Module, published by the Infrastructure and Projects Authority in 2021, states: ‘In the context of project delivery, benefit is the measurable value or other positive impact resulting from an outcome perceived as an advantage by one or more stakeholders, and which contributes towards one or more objectives.’
See also: Dis-benefit.
 Related articles
- Benefit owner.
- Benefit profile.
- Benefit transfer.
- Benefit-cost ratio.
- Benefits Management Strategy.
- Benefits Management.
- Benefits Map
- Benefits realisation milestone.
- Benefits Realisation Plan.
- Benefits report.
- Cost-benefit analysis.
- Intermediate benefits.
- Non-financial benefits.
- Social cost benefit analysis.
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