RevenueRevenue from sources such as a new product or product improvement.
CostCost reductions such as automation of a resource intensive activity.infrastructure and processes to get more output for a unit of input.Reducing or avoiding a risk. For example, a new product feature may not improve revenue but it may reduce a competitive risk that can be quantified in terms of potential revenue declines.
Reputation & ComplianceComplying with rules and regulations, improving your reputation or reducing reputational risks. quality of life for communities.
ResilienceTaking steps to make your organization more resilient to stresses. For example, installing your own solar power systems so that you have some access to power if the grid goes down.
AssetsDevelopment of valuable assets such as digital assets, facilities and infrastructure. data quality that reduce operational errors.
Customer ExperienceImproving customer experience, typically measured in terms of customer satisfaction. For example, improvement to a hotel lobby that results in better ratings on travel sites. quality of products such as a phone that is more reliable.wants to be perceived and how it is perceived. For example, an organic cosmetics company that reformulates products to remove an ingredient that is perceived as unhealthy, environmentally destructive or artificial. Competitive advantages that allow you to take market share from competitors.Competitive advantages such as premiumization of products that gives you pricing power in the market. Measured with profit margins.customer lifetime value. For example, preventing customer churn by fixing a problem with your products, services or experience.awareness of your brand and its attributes. For example, a project that gives back to the community that also generates significant publicity.employee satisfaction or some element of organizational culture such as creativity. For example, renovation of an office to support creative processes such as a mix of quiet spaces and social spaces.quality of life of communities. For example, a project that has air quality benefits.
|Overview: Project Benefits
The advantages and gains that are delivered by a project.