After the award of a contract, all of the benefits are potential benefits until harvested or realised during the agreement. As part of post-award contract management the contract or category manager may implement a plan to ensure that the proposed benefits in the business case are realised. This may involve communication with stakeholders or assistance in migration to the new agreement’s terms and conditions. See also Savings.
Total Cost of Ownership & Benefits Realisation training is available at Academy of Procurement.« Back to Glossary Index