What is a benefits realization study pro and cons?

A benefits realization study evaluates whether a project or initiative achieves its intended benefits, helping organizations understand the return on investment and guide future decision-making. Pros include improved accountability, enhanced strategic alignment, and the ability to make informed adjustments to projects. However, cons can include the potential for high resource investment in terms of time and cost, along with challenges in accurately measuring intangible benefits. Additionally, if not conducted properly, the study may lead to misleading conclusions that hinder future projects.