Benefits Realization Management For Pmo Practitioners
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| Author | : Carlos Eduardo Martins Serra |
| Publisher | : |
| Total Pages | : 154 |
| Release | : 2020-10-25 |
| Genre | : |
| ISBN | : |
In the recent years, Benefits Realization Management (BRM) has been increasingly applied and valued by organizations all around the world. In this scenario, there is a recognition that project, program and portfolio management office (PMO) functions could in many cases take some additional responsibilities that could significantly strengthen their contribution to the effectiveness of the BRM process.This guide provides an easy-to-follow three-step process that groups BRM practices into fifteen areas of activity and will enable PMO practitioners to assume a pivotal role in the benefits realization management process and consequently in the creation of strategic value to their organizations through successful projects, programs, and portfolio.The book splits 90 activity categories into the following 15 activity areas that are divided across 3 steps: Preparing, Planning, and Delivering. - Appraisal (business case)- Definition- Evaluation (post-project review)- Framework- Identification- Managing risks- Mapping- Metrics catalogue- Realisation Plan- Reporting- Reviewing- Reviewing Lessons learned- Strategic Alignment- Tracking- Training and advising
| Author | : |
| Publisher | : Project Management Institute |
| Total Pages | : 133 |
| Release | : 2019-01-22 |
| Genre | : Business & Economics |
| ISBN | : 1628254815 |
Benefits realization is the common thread that runs from organizational strategy through project deliverables that contribute benefits. Yet, according to PMI's 2018 Pulse of the Profession Report: Success in Disruptive Times, only one in three organizations report high benefits realization maturity. This practice guide provides a comprehensive look at the topic of benefits realization in of portfolio, program, and project management. It will help readers tackle this important topic and drive more successful outcomes and better strategic alignment in your organization. Inside this practice guide readers will find: standardized definitions for benefits realization, benefits realization management and associated benefits realization terms; the core principles of benefits realization; the benefits realization management life cycle from organizational mission, vision, and strategy through project deliverables and success measurement, and how it contributes to the expected benefits and value that the organization intends to realize; and a framework and guidance to help practitioners manage benefits realization in organizational project management and portfolio, program, and project management. As with all PMI standards and publications, this practice guide also aligns with our other standards including: A Guide to the Project Management Body of Knowledge (PMBOK Guide)®—Sixth Edition; The Standard for Program Management—Fourth Edition; and The Standard for Portfolio Management—Fourth Edition.
| Author | : Carlos Eduardo Martins Serra |
| Publisher | : CRC Press |
| Total Pages | : 210 |
| Release | : 2016-10-14 |
| Genre | : Business & Economics |
| ISBN | : 1315352338 |
Benefits realization management (BRM) is a key part of governance, because it supports the strategic creation of value and provides the correct level of prioritization and executive support to the correct initiatives. Because of its relevance to the governance process, BRM has a strong influence over project success and is a link between strategic planning and strategy execution. This book guides portfolio, program, and project managers through the process of benefits realization management so they can maximize business value. It discusses why and how programs and projects are expected to enable value creation, and it explains the role of BRM in value creation. The book provides a flexible framework for: Translating business strategy drivers into expected benefits and explains the subsequent composition of a program and project portfolio that can realize expected benefits Planning the benefits realization expected from programs and projects and then making it happen Keeping programs and projects on track Reviewing and evaluating the benefits achieved or expected against the original baselines and the current expectations. To help project, program, and portfolio managers on their BRM journey, as well as to support business managers in executing business strategies, the book identifies key organizational responsibilities and roles involved in BRM practices, and it provides a simple reference that can be mapped against any organizational structure. A detailed and comprehensive case study illustrates each phase of the BRM framework as it links business strategy to project work, benefits, and business value. Each chapter ends with a series questions that provide a BRM self-assessment. The book concludes with a set of templates and detailed instructions to ensure successful deployment of BRM.
| Author | : Steve Jenner |
| Publisher | : |
| Total Pages | : 271 |
| Release | : 2014-09-29 |
| Genre | : Capital investments |
| ISBN | : 9780117082519 |
Projects and programmes should achieve a return on the investment made by the owner or sponsor. This return is now thought of as the benefits that accrue from the investment: some financial, others perhaps harder to define, but nonetheless just as important in justifying the investment. Making sure that they are realised, and that unanticipated benefits are maximised, is as important as the initial justification, and without that many projects have earned a bad name for project management. This publication provides comprehensive guidance on how to manage delivery of the benefits used to justify investment in change. It provides guidance for all involved in successful change delivery from senior responsible owners and directors through to portfolio, programme and project managers. The guidance is the source material for an accredited qualification from APMG-International
| Author | : Ofer Zwikael |
| Publisher | : Springer |
| Total Pages | : 341 |
| Release | : 2019-03-19 |
| Genre | : Business & Economics |
| ISBN | : 3030031748 |
Winner of 2020 PMI David I. Cleland Project Management Literature Award This book is a complete project management toolkit for project leaders in business, research and industry. Projects are approved and financed to generate benefits. Project Management: A Benefit Realisation Approach proposes a complete framework that supports this objective – from project selection and definition, through execution, and beyond implementation of deliverables until benefits are secured. The book is the first to explain the creation of organisational value by suggesting a complete, internally-consistent and theoretically rigorous benefit-focused project management methodology, supported with an analytical technique: benefit engineering. Benefit engineering offers a practical approach to the design and maintenance of an organisation’s project portfolio. Building upon the authors’ earlier successful book, Project Management for the Creation of Organisational Value, this comprehensively revised and expanded new book contains the addition of new chapters on project realisation. The book offers a rigorous explanation of how benefits emerge from a project. This approach is developed and strengthened — resulting in a completely client-oriented view of a project. Senior executives, practitioners, students and academics will find in this book a comprehensive guide to the conduct of projects, which includes robust models, a set of consistent principles, an integrated glossary, enabling tools, illustrative examples and case studies.
| Author | : Craig Letavec |
| Publisher | : J. Ross Publishing |
| Total Pages | : 313 |
| Release | : 2014-02-19 |
| Genre | : Business & Economics |
| ISBN | : 1604270934 |
“Strategic Benefits Realization never loses focus on the ultimate goal of any organization—to achieve business benefits that endure. Craig Letavec’s common sense approach and practical guidance can be applied throughout the entire benefits realization life cycle to ensure true business value from project investments. Business and project professionals can apply the author’s business-focused techniques immediately—a must read in today’s highly competitive global marketplace.” —Marc Resch, President, Resch Group, and best-selling author This desk reference offers practical guidance for program managers, portfolio managers, and business leaders in the implementation of benefits realization management in organizations. Aligned with global standards, this book extends the knowledge contained in these standards through practical implementation guidance, examples, and additional detail created to assist organizations in implementing benefits realization management as a business practice to support the achievement of strategic business benefits. It also addresses important considerations in organizational change management, providing insights on leveraging key principles to guide successful implementation of the business change required to realize benefits through project and program work. Leveraging benefits realization management at the business portfolio level is covered as well. This book is ideal for organizations beginning to implement benefits realization management and those that wish to mature existing practices. Strategic Benefits Realization provides a practical approach to implementing benefits realization management in organizations that is aligned to PMI’sStandard for Program Management and other global standards, and is presented in the context of program and portfolio management. The guidance offered supports effective governance and execution management to deliver business value.
| Author | : Project Management Institute |
| Publisher | : Project Management Institute |
| Total Pages | : 255 |
| Release | : 2019-06-27 |
| Genre | : Business & Economics |
| ISBN | : 1628256206 |
The Work Breakdown Structure (WBS) serves as a guide for defining work as it relates to a specific project's objectives. This book supplies project managers and team members with direction for the preliminary development and the implementation of the WBS. Consistent with A Guide to the Project Management Body of Knowledge (PMBOK® Guide)-Sixth Edition, the WBS Practice Standard presents a standard application of the WBS as a project management tool. Throughout the book, the reader will learn what characteristics constitute a high-quality WBS and discover the substantial benefits of using the WBS in every-day, real-life situations.
| Author | : Craig J. Letavec |
| Publisher | : J. Ross Publishing |
| Total Pages | : 467 |
| Release | : 2011 |
| Genre | : Business & Economics |
| ISBN | : 1604270446 |
This handbook developed by the Project Management Institutes Program Management Office Specific Interest Group (PMOSIG) provides practical guidance to the project Management and PMO community on a variety of topics in the areas of: PMO Strategic and Tactical Management, PMO Governance, PMO Services, PMO Set-up and Execution, and PMO Performance and Maturity. It features insightful contributions from more than 20 subject matter experts, successful practitioners, distinguished authors and thought leaders with a variety of backgrounds and experiences from around the World. The authors include best practices and case studies for successfully aligning PMOs to business objectives, and delivering benefits/ROI, as well as numerous proven tools, templates, policies, procedures, standards, methodologies and processes for successfully developing, and managing PMOs and for expanding their scope of services.
| Author | : Half Double Institute |
| Publisher | : Van Haren |
| Total Pages | : 321 |
| Release | : 2022-01-11 |
| Genre | : Architecture |
| ISBN | : 9401808333 |
This book has been written for all passionate project practitioners. People who are driven by the need to create real impact and are willing to take untraditional measures to lead projects. Whether you are a PMO, project owner, project leader, team member or someone who invests time in temporary endeavours undertaken to create an impact – this book is for you. This is a practical handbook designed to change your way of thinking and acting in and with projects. It provides you with hands-on principles, methods and tools to help you realize projects with double the impact in half the time, as well as real- life cases to show what it all looks like in practice. A handbook designed to enable you to go out and do it yourself. Consultancy, universities, companies and more than 1,400 practitioners have co-created the ideas presented here in this book. Half Double is a methodology created through practice, with practice. It has already created proven impact in projects around the globe, delivering on the overall ambition of realizing projects in half the time with double the impact. In essence, the book extends the known agile methods with concrete methods for impact realization, reflective leadership and a strong focus on how people are motivated and perform — it’s all about placing an extreme focus on three core elements: Impact – Stakeholder satisfaction is the ultimate success criterion.Flow – Intensity and frequent interaction in project work, learning and impact. Leadership – Embrace uncertainty and make the project happen.
| Author | : Mr Adri Köhler |
| Publisher | : Gower Publishing, Ltd. |
| Total Pages | : 185 |
| Release | : 2012-09-28 |
| Genre | : Technology & Engineering |
| ISBN | : 1409459411 |
The concept of sustainability has grown in recognition and importance. The pressure on companies to broaden their reporting and accountability from economic performance for shareholders, to sustainability performance for all stakeholders is leading to a change of mindset in consumer behaviour and corporate policies. How can we develop prosperity without compromising the life and needs of future generations? Sustainability in Project Management explores and identifies the questions surrounding the integration of the concepts of sustainability in projects and project management and provides valuable guidance and insights. Sustainability relates to multiple perspectives, economical, environmental and social, but also to responsibility and accountability and values in terms of ethics, fairness and equality. The authors will inspire project managers to be aware of these considerations, and to apply them to the role they play in projects, not just 'doing things right' but 'doing the right things right'.
