Increased Revenue The most common type of benefit and a very broad category. Increased revenue is a benefit when a project has a direct impact on the revenue of the organization. The additional revenue could be coming from a new product launch or by providing an offer that could attract existing customers.
No project will be initiated without some or the other benefit. Below are the most common types of project benefits within IT Projects. This is not an exhaustive list but has the most commonly recurring benefits.
Use our Benefits Management Pack to identify, plan, track and realise your project benefits. The most common type of benefit and a very broad category. Increased revenue is a benefit when a project has a direct impact on the revenue of the organization.
Increased revenue is a benefit when a project has a direct impact on the revenue of the organization. The additional revenue could be coming from a new product launch or by providing an offer that could attract existing customers.
Also, add additional information you have so that the person reading your case will get all the details they need. Examples are increased sales or increased subscriptions.
The Goal of many IT Projects is to build a sophisticated UI or Interface which can help system users to easily use the functionality the system provides.
The Introducing system reduces manual tasks so the resources can be diverted to other areas.
Improving processes means the time taken to complete a process is less which can save time which will free up the resource to do other tasks.
Many IT Projects are formed to get migrate old software which needs high maintenance.
Some projects aim at improving brand equity by providing better services and maintain standards.
In some cases, there could be savings by moving your applications to a cloud-based service which will reduce your hardware expenditure.