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Defining Project Justifications and Expected Benefits

When defining project justifications, you can include a text description in the justification box or define expected benefits based on criticality criteria.
Expected benefits are intended for use with projects whose purpose is to improve the criticality rating of particular assets. To use this feature, you must have improvement opportunities defined for your criticality criteria because they are referenced on the benefit. For more information, see Defining Improvement Opportunities.
Note: This information is visible if the project type allows project justification. If the Justification tab is hidden, you can enable it if you have the required security profile. For more information, see Setting up Project Types.
This topic explains how:
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To Define Project Justifications
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To Define Expected Benefits

To Define Project Justifications

1.
Select the project’s Properties view, Justification tab.
2.
Make sure that editing is enabled.
3.
The project justification information is shown:
4.
In the Project Justification box, enter a statement of the benefits of the project. For example, “Increase the throughput of Line A by 10%”.

To Define Expected Benefits

1.
Click New in the Benefits area to define an expected benefit based on a criticality improvement opportunity. The Project Benefit Target dialog appears.
2.
Enter the required information:
Setting Name
Description
Criteria
The criticality criteria on which the expected project benefit is based. The criteria chosen must have Improvement Opportunities defined.
Area
The expected area for improvement as defined in the criticality criteria chosen above.
Value
The current value of the criteria or improvement area. For example, 100 tons of product A produced daily.
Cost
The current value of the criteria or improvement area. For example, $100,000 per unit of time.
Per
The time period unit of measure. This list is populated by database units of measure tables and cannot be edited.
Description
Text that describes the current situation.
Value
The targeted improvement based on the improvement area.
Savings
The targeted cost improvement attributable to this project.
Per
The time period unit of measure. This list is populated by database units of measure tables and cannot be edited.
Description
Text that describes the target situation.
3.
Click OK to save the target information.
4.
Save the project.