4. Ongoing monitoring
Benefits monitoring forms an integral aspect of benefits management. It involves the tracking and recording of benefits metrics until benefits evaluation. Any risk to benefits achievement is flagged and escalated, which could necessitate implementing actions and interventions.
The objective of benefit monitoring is to determine if planned benefits continue to be achieved or are matching expected improvements. Any deterioration or shortfall in benefits achievement can provide a basis for corrective actions, as well as lessons learned for future initiatives.
Benefits monitoring occurs from finalising the Benefits Management Plan through to conducting benefits evaluation and may continue further for any unrealised benefits.