Benefits Realization and the PMO
byBenefits realization occurs once the project is complete, and so there is limited PM accountability. But what about the PMO? Does it have a role to play in ensuring benefits realization occurs effectively?

Benefits realization occurs once the project is complete, and so there is limited PM accountability. But what about the PMO? Does it have a role to play in ensuring benefits realization occurs effectively?
Project managers can facilitate benefits realization and--more strategically--the project management function. That encompasses the three Ps of project management, which can play the crucial but often missing organizational role that will embed benefits realization in strategy execution and--by extension--program and project delivery.
When accountability exists in an organization and on a project, there will be a much greater likelihood that the benefits will be fully realized. And by accountability, we mean punishment, right? No, not quite...
Project professionals need to acknowledge that many quantitative uncertainties are poorly estimated using simple, deterministic values that offer little insight about the uncertainty. Consider using Statistical PERT to help.
Benefits realization is the topic du jour. Projects produce benefits. Organizations want to realize them. Guess who's being looked to in order to make sure that happens? Yup, that would be you. The project manager.
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"We cling to our own point of view, as though everything depended on it. Yet our opinions have no permanence; like autumn and winter, they gradually pass away." - ChuangTzu |