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On-demand Webinars

Benefits Realization Management – A Model for Projects and Programs

by Kenn Dolan
January 11, 2019 | 60:10 | Views: 5,035 | PDUs: 1.00 | Rating: 4.34 / 5

One of the most difficult, yet important, questions regarding projects is "What advantages will this project create for the investors and key stakeholders?" Projects and programs should be treated as investments. This means that the focus of projects shifts from delivering within the triple constraints (time–cost–quality) towards some of the more fundamental questions: What is the purpose of this investment? What are the specific advantages expected? Are these benefits worth the investment?

Change Success: Driving Outcomes that Matter

by michelle yanahan
September 19, 2018 | 61:21 | Views: 6,851 | PDUs: 1.00 | Rating: 4.33 / 5

How does your organization define project success? In order for a project to be truly successful it must deliver its anticipated ROI/business objectives.

What Is Wrong with Benefits Realization?

by Dmitry Ilenkov
September 13, 2018 | 60:46 | Views: 4,227 | PDUs: 1.00 | Rating: 4.22 / 5

Too often we think of project management in the context of "doing projects right", but it does not really work. We have to do the right projects first and make sure the desired outcomes do contribute to the company strategy realization. Benefits realization management (BRM) can be a good solution to align project management with company strategy. There are some common mistakes, which companies make in BRM, and some action points to avoid them and improve the situation.

Welcome to Reality – Surviving the Deadly Divide Between Pre-Sale and Post-Sale

by Kimberly Johnson, Brian Cohn, Randall Iliff
May 15, 2018 | 57:36 | Views: 7,986 | PDUs: 1.00 | Rating: 4.50 / 5

The PM community has great models for how projects should work, and a wealth of good advice on how to make basically sound programs and portfolio management more effective. Unfortunately the business of selling PM effort is often in conflict with the profession of delivering PM services. We see this in the form of impossible deadlines, unrealistic promises, and estimates based on client budget rather than true cost of execution. In this session we’ll explain why this enormous problem continues to exist, show you how to assess the resulting risk on your own project / program / portfolio effort, and share proven strategies you can apply to minimize the impact. Every PM, regardless of experience or skill level, will benefit from this session.

Putting the “Learned” Back in Lessons Learned

by Kiron Bondale
May 02, 2018 | 54:12 | Views: 8,846 | PDUs: 1.00 | Rating: 4.54 / 5

Lessons Learned is one of the worst oxymorons in the project management profession. This webinar will cover many of the common challenges experienced with the implementation of lessons learned practices and will provide some practical ideas on how to gain greater value from this critical practice.

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Blog Insights

Benefits Realization

by David Davis

This blog will look at the practice of benefits realization and how it applies to both Program Management and the overall Portfolio, Program, Project Methodology (as well as Business Analysis and Organizational Change Management)

Save Time With Tools + Templates

Total Cost of Ownership/Cost Benefit Analysis Workbook

deliverable
by Dinah Young

This spreadsheet is used to calculate and compare the TCO (total cost of ownership) and CBA (cost benefit analysis) of multiple alternative solutions. This includes costs and benefits for not only the implementation, but also for additional years of maintenance.

Benefits Realization Planning Template (Korean Translation)

PREMIUM deliverable
by Andy Jordan

이 템플릿은 특정 추적 활동 및 측정에 대한 비즈니스 사례를 묶는 것을 목표로합니다. 모든 프로젝트가 객관적 조치를 취하는 것은 아니지만 모든 이니셔티브에 대해 그러한 형태의 이익 실현을 무시하는 것은 허용되지 않습니다. 이 계획은 비즈니스 사례와 동시에 완료되어야하며 여기에서 확인 된 측정 된 총 이익은 비즈니스 사례에서 이루어진 약속과 일치해야합니다.

Business Case Template

PREMIUM deliverable
by Bryan Van Gundy

The goal of this business case template is twofold: Clearly explain the project benefit to decision makers; and provide traceable, measurable and consistent data for benefit realization analysis after project implementation. This template has annotated instructions in blue to explain the intent or recommended use of the information. Organizations can adapt the template to their unique structure.

Learn From Others

Project Success Rates: Going Beyond OTOBOS

by Anthony Mersino, PMP, PMI-ACP, CSM, CSP, PSPO

We've measured project success or failure using the triple constraint for years. Reporting on whether the project is on time, on budget and on scope (OTOBOS) has strong appeal. But these measures are out of date and fail to report on what is really important.

Leading Beyond the Iron Triangle (Japanese Translation)

by Byron A. Love, MBA, PgMP, PMP, CISSP

「成功した」プロジェクトの失敗は、経験豊かなPMにショックを与えました。 トリプル制約だけでプロジェクトを管理するだけでは不十分であることが分かります。

Creating and Capturing Value: More than Just Cost Reduction

by Iain Fraser

This article aims to clarify and widen the status quo around value, especially at the enterprise level. It also aims to offer an explanation of value management that goes beyond the notion of value engineering and process-based tools, which seem to “force” an outcome. It introduces a new framework for creating and capturing business value that is integrated and sustainable.

Best Practices in BRM (Part 6): Set Benefits Owners Up For Success

by Michelle MacAdam

The final article in our series addresses setting benefits owners up for success. This is essential because the only value derived from a project comes post-implementation, and the busy people responsible for sustaining the benefits need clear roles and simple procedures. Putting that together allows a last chance to resolve any remaining hiccups.

Why and How You Cancel Projects

by Phil Doyle

Unfortunately, not all projects successfully deliver what they set out to achieve. The harsh reality is that some projects end up being cancelled. In this article, the author explores why some projects should be cancelled, identifying two main categories of cancellation—and how they should be handled.

Topic Teasers Vol. 105: Strategic Analysis for Typical and Non-Typical Projects

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

Question: With the new emphasis on strategic and business skills for project managers, I know I should do some more concrete analysis of project success. But the projects I do are non-typical, and the “success” is more difficult to measure than number of units sold or even the profit margin. How can I calculate value in a more intangible environment?

7 Steps to Selling Your Vision

by Carleton Chinner

A new program can be a confusing time for your team and stakeholders. What’s the program all about? How will we know that we have delivered? At this stage, the end goal may be as little as a vaguely defined strategic intention. Here are seven ways to make sure your program vision sticks.

Best Practices in BRM (Part 5): Create Benefits Realization Strategies

by Michelle MacAdam

This is the fifth of six articles on best practices in benefits realization management and its integration into project governance. Here we address creating benefits realization strategies. This helps ensure clarity around post-implementation roles, engages impacted functions by involving them in determining monitoring strategies, and facilitates post-implementation monitoring and review processes.

Program Management as a Formidable Weapon

by Paul Baumgartner, PMP

When program management is born in a business, circumstances are seldom ideal . Yet when it occurs, businesses realize that program management's many benefits are just what is needed to fight the competition.


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