In 2011, a new landmark emerged in southern Taiwan: the E-DA Theme Park. Even today, few know that it was the outcome of a massive town regeneration program. Or that its main backer was one of the mos ...
In our day-to-day project management and PMO activities, the easiest and the most important thing to miss is plan for ahead what happens AFTER we cross the finish line. So technically speaking, once p ...
The big “B” of Benefits Management My first post on the blog and I would like to start with Benefits Realization Management - Possibly, the most critical and talked about area of ...
Defining Benefits: Forced Extraction The benefits definition, qualification, and quantification process can be somewhat confusing to many people. Defining a benefit can be tricky and mi ...
Of Course I Know What Benefits Are Adopting an organization that is benefit’s centric as opposed to project centric involves many dimensions. At the heart of this adoption is change ma ...
How does your organization ensure that benefits realization occurs? For so many projects, there is never any measurement of whether projected gains were actually achieved. In this article, we look at how the PMO can assist in improving that situation.
Through the efforts of benefits management, projects are kept accountable to the needs they are designed to support. Without the persistent review of a project to keep it focused on its original goal, there may be circumstances where what was delivered is a far cry from what was expected.
I recently heard a vice president at a Fortune 500 company discussing the challenges associated with evaluating investment decisions. This man stated that it was extremely difficult to do becaus ...
In any organization, projects are done for a reason. It might be a sound, well thought out justification or a project could even be undertaken on a mere whim, but there are always perceived benefits behind every one. However, only some projects realize these benefits while other fail miserably, but how will you know? How do you determine that your project achieved the expected benefits? While many organizations are becoming better at defining the expected benefits, they assume the benefits are met and fail to follow-up on confirming the realization has actually occurred. Join us for the month's Project HEADWAY webinar when we examine benefits realization from a portfolio perspective. What are the key steps a portfolio needs to take and what are some of the pitfalls it needs to avoid? Join us for this month's webinar and explore the benefits.
The presentation will give an introductory overview about some of the key Benefits Management practices, will discuss the way these practices influence project success as well as the success perspectives influenced by these practices. It will discuss the accountability for these activities within an organization, and then it will identify some of the current gaps that can compromise project success from a strategic perspective.
