Year: 2014
Type: conference-paper
Abstract: Realizing benefits is an important criterion to evaluate project performance.Hence, project benefit management is essential to enhance project success.This paper focuses on the first step in the benefit management process-the definition and appraisal of target benefits.Target benefits are formulated during project initiation, included in the business case and anticipated to be realized at the completion of the project.Clear definition of target benefits is important for project selection decisions and project portfolio management.This paper develops a new construct-"Quality of Target Benefits" (QTB).Three studies show that a proper formulation and appraisal of a proposed project's target benefits leads to more informed project selection decisions.The construct can be used to facilitate theory development research on project initiation and performance evaluation and support organizations in making better project funding decisions.The paper contributes to the initiation phase of projects and the project benefit management literature.
Authors: Ofer Zwikael, Ying‐Yi Chih
Language: English
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2203756629