To create a benefit, you will need to choose the project first. You can locate the project from the hierarchy button located on the top banner. Next, select the New Benefit option on the Benefits sub-menu.
To create a new benefit:
- In the New Benefit form that displays, select the Classification of this Benefit. The available Classifications can be changed in the Administrator Settings.
- Enter Name and Description.
- Select the Unit of this Benefit. There are a number of units available to select from. When the unit you need is not available, an administrator can create a new measurement unit.
- Choose whether your new benefit is Disbenefit. A Disbenefit is a Benefit that returns negative impact. This checkbox will ensure that the benefit will be negative.
- Select a Resolution. Your resolution should be selected according to how often you plan to record your actuals. Select between Month, Quarter and Financial Year.
- Select the Start Date and End Date of this Benefit.
- Select Benefit Owner.
- Specify whether the Benefit will be Cashable, Non-cashable, or Non-financial.
- Enter the Weight of this Benefit. When an Initiative has multiple benefits some Benefits might weigh more in the determination of how well the Initiative is progressing. You can then give this Benefit more weight when creating or editing the Benefit. The Amplify Index TM and progress of the Benefits will be multiplied by the weight that they have been given. The total will then be divided by the total weight of the Benefits.
- Click on the Save button to create the benefit or Save&Create Another, if you want to create another.
The saved benefit will be listed in the Benefits Register. Clicking on the benefit in the Register will open the Benefits Dashboard. A simple benefit's Plan tab allows you to record plan or actual values for the benefit's active period. If the benefit classification is configured to allow advanced measures, you can access those measures, record measure values, add new measures, or adjust the benefit calculation formula.