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Develop the Measurement and Benefit Realization Strategy The purpose of Develop the Measurement and Benefit Realization Strategy is to define success criteria and measures to monitor whether the change is achieving its expected benefits and to adapt the change effect as needed. It is important to b...

Develop the Measurement and Benefit Realization Strategy The purpose of Develop the Measurement and Benefit Realization Strategy is to define success criteria and measures to monitor whether the change is achieving its expected benefits and to adapt the change effect as needed. It is important to begin measuring as early as possible in the lifecycle of the effort. This provides timely information to gauge the effectiveness of the change strategy, keep the change implementation on track, allow for course correction, and ensure that organizational benefits defined in the project charter are realized. Develop the Measurement Strategy: The change objectives and goals should be used to determinewhat is required to achieve the future state. These targets should be specific and quantifiable for the organization to understand what isexpected. Another aspect of the Measurement Strategy is to assess the effectiveness of the strategy used to drive the change effort itself. Common areas of focus include communication and learning to allow for refinement as needed. Techniques can include stakeholder surveys and feedback from line managers, change agents, and focus groups. Benefit Realization Strategy: Mechanisms must be installed to monitor the achievement of the performance targets. These mechanisms include developing the process, data collection, and reporting requirements for each measure. The components of the Benefit Realization Strategy are: Assigning owners for each measure and target Determining when and how the measurement data will be collected, the reporting frequency, and how information will be shared Creating an approach to address slippage or slow attainment of measure Aligning with reward strategies Establishing timelines for addressing issues related to achieving the targets Communicating performance targets to the organization Inputs Outputs Strategic Plan Measurement and Benefit Realization Strategy Case for Change Revised Performance and Rewards Targets Change Objectives and Goals Project Charter Success Criteria