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Benefits Management
 

Benefits Realisation Management is a critical theme in any MSP change programme.

As many organisations have found, making investments do not automatically equate to achieving benefits.

Part of the problem is that the term “Benefits” has been so much part of the management vocabulary for so long that people take them for granted and assume that they will occur, rather like magic.

 

Aspire Europe offers you help to:

  • Develop your Benefits Management Strategy
  • Develop your Portfolio Benefits Policy and governance
  • Detailed processes that can be adapted to the needs of your organisation
  • Benefits health check service to audit your approach
  • Templates and profiles to help you implement
 
     
 

Benefits are achievements, to turn your investment into tangible benefits requires management commitment, and making tough decisions and seeing them through.

 
     
 

A benefit is a measurable improvement in performance that will be achieved as the result of a change

 

Perceived project failure is often attributed to the non-achievement of benefits. In truth the lack of rigor at the outset has allowed business cases through with totally unreasonable expectations.

 
     
 

There are still plenty of organisations that see benefits as sound bites that get copied from one business case to another without much thought, they are triggers for getting the funding past the governance groups. Benefits Realisation Management requires much more rigor.

 
     
 

The more forward thinking organisations have created the role of Benfits Realisation Manager, which is either at a Corporate governance level or as part of the Programme Management Office. They ensure that benefits are properly defined and tracked during the programme lifecycle.

There is much debate about whether a project itself can deliver a benefit in itself, as to achieve a benefit the organisation must adopt the project outputs and leverage their potential, that is why the benefits concept sits more comfortably with programme than project management as the programme engages and takes ownership of the organisational change

 

Critical test – do you have a benefit?

  • Can you measure the improvement?
  • Have you allocated responsibility for delivering that improvement?
  • Detailed processes that can be adapted to the needs of your organisation
  • Have you fully described the organisational (not project) changes that are required to deliver that benefit?
  • When that benefit is in place, what will be visibly different?
 
     
     
Course Finder
  1. PRINCE2™
  2. Managing Successful Programmes
  3. Management of Risk
  4. Principles of Change Management
  5. Business Change Management
  6. Benefits Realisation Management
  7. IT Service Management
 
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