What is BS 202002:2023 - Applying benefits management on portfolios, programmes and projects guide about?
Benefits management is central to the successful delivery of programmes and projects, as well as normal operational activity. BS 202002:2023 is a new national standard giving guidance on how to identify the changes required to realize benefits and deliver objectives.
Who is BS 202002:2023 - Applying benefits management on portfolios, programmes and projects guide for?
It applies to any project-oriented organization, regardless of size, type and nature, that wants to systematically improve benefits management. Specific users will be:
- managers in organizations that undertake projects;
- project managers;
- project sponsors;
- project team managers and members;
- project support staff;
- related business and technical specialists;
- related educators and trainers; and
- those involved in business change and benefits management.
What does BS 202002:2023 - Applying benefits management on portfolios, programmes and projects guide cover?
BS 202002:2023 provides principles and guidance for managing benefits, including developing benefits-management frameworks and processes, and enabling the assurance and control of activities designed to realize planned benefits for the organization, its customers and stakeholders.
It also highlights the importance of benefits management from planning phase to programme and project delivery, to handover of operations and embedding change.
Why should you use BS 202002:2023 - Applying benefits management on portfolios, programmes and projects guide?
Any time you make a concerted effort to understand needs and benefits, and the changes required, you increase the likelihood of success. BS 202002:2023 supports the management of unplanned and emergent benefits and disbenefits, and the optimization of benefits, in order to realize the greatest possible business return.
In addition, the standard is:
- prudent: reports from government, finance and the project management profession show that not focusing on benefits is expensive;
- resource-efficient: BS 202002 encourages users to make better use of scarce resources;
- democratic: it enables the wide application of benefits management;
- targeted: desired benefits are specific, measurable, realistic, time-bounded and aligned with the strategic goals of the organization, so they deliver value beyond the completion of a task or project;
- inspiring: the standard increases staff engagement and improves morale;
- holistic: it offers a more integrated approach;
- reliable: it enables organizations to increase their success and achieve more consistent results; and
- stretching: very few organizations manage benefits across all aspects, from initiating new projects, to informing decisions during delivery, and while closing projects down. Use of BS 202002 stretches organizational aspirations.
Boost the performance of projects and programmes across your organization with BS 202001:2025
The newly published BS 202001:2025 Project Controls – Specification details how to design and operate controls across the full life cycle of projects. Project control supports synchronization of strategic and operational activity and goals, resulting in full oversight of the project.
For more information, visit the dedicated page of BS 202001:2025.
