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Benefit Realisation Management

Program overview:

Over the last couple of decades, massive projects have been undertaken to transform organizations, reengineer business processes, setup or upgrade infrastructure and technology. The success of these ventures has been far from assured, and a variety of risks have been identified. One is project delivery risk: only 64% of projects undertaken by organizations were successful, as per the PMI-Pulse survey of 2015. Another major risk is failure to generate business results or impact the core measures of business performance, such as profit margins, return on assets, and return on investments: only one in five organizations reports having a high level of benefits realization maturity, according to PMI® statistics.

However, in today’s complex economic and business environment, organizations are increasingly focused on optimizing or rightsizing their operations and investments to reduce costs, de-risk and maximize benefits.  There is increased pressure on organization leadership to be accountable for investments in infrastructure, technological change and business transformation. The challenge lies in not just completing projects (on time, within budget, and meeting technical objectives), but also delivering business results as well.

The one-day program on ‘Benefits realization’ will help organization/sponsors and project professionals meet this challenge by introducing them to an integrated approach, processes and tools that will enable successful delivery of projects  leading to sustainable business results.

Objectives:

Introduce participants to:

  • Benefits realization including definitions, scope and objectives
  • Barriers to its effective practice, and the key success characteristics.
  • Stages to Benefits realization and alignment with strategic objectives
  • Implementation approaches and the factors to consider in sustaining progress.

Key Takeaways

An understanding of Benefits realization processes and tools will enable participants to:

  • Identify the strategic rewards prior to starting a project
  • Effectively assess and monitor risks to project success
  • Proactively plan for making necessary changes to the organization
  • Explicitly define accountability for project success
  • Routinely extending responsibility for integration to the project team

Program uniqueness

  • This is a one-of-a-kind program for organization/sponsors and project professionals looking to execute projects, programs and initiatives that will deliver sustainable business results.
  • Program content includes the right blend of theory and examples.  Attendees are encouraged to bring forward relevant situations from their workplace for illustration and discussion

Participant profile 

  • Business sponsors and owners
  • Project, program and portfolio managers
  • PMO leaders

Duration

  • 1 day  -  3 sessions

Program Facilitator: 
Mr. Sudhir Swamy