The benefits realization plan is a document that describes how the benefits of the project will be delivered, measured, and sustained. It includes the benefits identification, analysis, planning, realization, and transition activities. By monitoring and updating the benefits realization plan, the project manager can ensure that the work carried out and the product being created do not deviate from the prescribed business value. Monitoring and updating the benefits realization plan helps to track the progress and performance of the project and the benefits realization process, and to identify and address any gaps or issues that may arise. Monitoring and updating the benefits realization plan also helps to communicate and report the value of the project to the stakeholders and the senior management. References: (Professional in Business Analysis Reference Materials source and documents)
* PMBOKGuide, 6th edition, Section 4.5.3.1, p. 123
* PMI Professional in Business Analysis (PMI-PBA)Examination Content Outline, Domain IV:
Traceability and Monitoring, Task 2, p. 13
* Business Analysis for Practitioners: A Practice Guide, Section 5.3.1, p. 113