Undertaking projects and programs needs to bring about benefits. However, many organizations fail to gain benefits from the desirable projects they have as they do not focus effectively on the benefits realization. Therefore, this program aims to help participants be able to identify and achieve benefits expected from investments in portfolios, programs, and projects.
Benefit Realization Management
Program Objectives
Program Modules
- Introduction
o High Rates of Project Failure
o Business Success Depends on Project Success
o Effective Project Governance Enabling Strategic Success
o Benefits Realization Management for Success
- Strategy Execution: Translating Corporate Strategy into Program and Project Strategy
o Increasing Effectiveness in Strategy Execution
o Strategy Execution: A Journey from Business Strategy to Project Strategy
- Project Success and Creation of Value to the Business
o Multiple Dimensions of Project Success
o Delivering Value through Project Management
- Establishing the Environment for Benefit Realization
o Introduction: Developing and Aligning Strategies
o Creating or Enhancing the Environment for Effective Benefits Realization Management
o Key Roles and Responsibilities for Benefits Realization Management
- BRM Framework
o Identify
o Execute
o Sustain
- BRM Plan
- Benefits Identification
o Identify and Quantify Business Benefits
o Owner of Benefit Delivery
- Benefits Analysis and Planning
o Derive and Prioritize Components
o Derive Metrics
o Baseline Plan and Monitor Results
o Map Benefits into the Program Plan
- Benefits Delivery
o Monitor Components
o Maintain Benefit Register
o Report Benefits
- Benefits Transition
o Consolidate Coordinated Benefits
o Transfer the Ongoing Responsibility
- Benefits Sustainment
o Monitor Performance
o Ensure Continued, Emergent Benefits
- Use Case