Purpose: The individual exercise exposes you to the importance of predefined benefits for the program. There are multiple advantages related to the upfront definition of program benefits such as improved investment selection through a better understanding of the expected value. It helps to set a target reducing value subjectivity. Ultimately, the decision-making body can make decisions being aware of the agreed benefits.

Question: Explaining:

1. Three (3) tangible benefits to be achieved by a program.
2. The benefits management process you will follow to evaluate the outcome.