Please login or join to subscribe to this thread
Benefits are not objectively identified in the business case as well as No one takes ownership for tracking & monitoring benefit realization during and after the project
Some examples of effective blockers to realizing benefits from projects in the organization are as follows:
- When the benefits stated in the business case are unclear, diffuse and out of step with the organization strategy;
- When there’s a lack of engagement to measure the project benefits stated in the business case in a continuous manner;
- Nobody in the Organization is accountable for achieving the project benefits as per the business case, or those benefits are not being tracked and none corrective actions are being taken when failure to realize the stated project benefits occurs, for example due to the sudden loss of relevance of the project deliverables.
Project Goals & Objectives have a direct bearing on benefits realised out of project.
"d) There is no consequence for a business owner not realizing the benefits" - the issue is there is rarely an "owner" of the benefits realization.
Having to complete a bunch of plans for one of our strategic initiatives, I find myself having to learn all I can about BRM. What I find again, which is typical for most of my PM related searches, is lots of talk, and very little in terms of substance and actual tangible attributes that I can take and apply.
Benefits are realized much later after the project closes. While the performance indicators are managed by a unit, the project team is disbanded and nowhere to be found.
I have seen C and D most commonly in my projects
I have mainly seen B), C) and D). I have to say that once B or C are not done D is impossible.
a) not having the correct KPI's in place to measure the success
b) not following proper change management to ensure maximum user adoption
Interesting your question
Thanks for sharing
In the organizations I work with, and in general, the biggest impediment to realizing and obtaining the benefits of the project are:
- Benefits are not objectively identified in the business case
- No one takes ownership for tracking & monitoring benefit realization during and after the project
- There is no consequence for a business owner not realizing the benefits
Please login or join to reply