Project Benefits Management

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Project Benefits Management: Linking projects to the Business

Project Benefits Management: Linking projects to the Business
  • Author : Trish Melton,Jim Yates,Peter Iles-Smith
  • Publisher :
  • Release Date :2011-04-08
  • Total pages :240
  • ISBN : 008055766X
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Summary : Successful projects are the basis for the business many successful organisations, but many professionals lack the basic skills required to manage projects successfully. This book shows how to maximise the outcomes of projects and to ensure that the benefits arising from projects -- large or small -- are fully realized by the business. This key outcome can be easily overlooked or sidelined by the need to keep projects on track. Visually lead, to the point, with case studies and best practice guidelines throughout, the hard-won real world experience found in this book makes it a powerful PM resource for anyone involved in project management. Links project management to business goals for career project managers and those involved with project intermittently Focuses on the needs of engineering, industrial and process projects

Implementing Project and Program Benefit Management

Implementing Project and Program Benefit Management
  • Author : Kenn Dolan
  • Publisher :
  • Release Date :2018-12-07
  • Total pages :272
  • ISBN : 042962767X
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Summary : 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? Implementing Project and Program Benefit Management is written for executives and practitioners within the portfolio, program, and project environment. It guides them through the important work that must be addressed as the investment progresses towards the realization of benefits. The processes discussed cover the strategic elements of benefits realization as well as the more detailed requirements, which are the domain of the program delivery teams and the operational users. Using real cases to explain complex situations, operational teams and wider groups of stakeholders, including communities affected by infrastructure projects, will be able to engage in the conversation with the sponsors and delivery teams. Covering an area of program and project management that is rapidly becoming more widely valued, this book blends theory with practical experience to present a clear process flow to managing the benefits life cycle. Best practices are defined, and pitfalls and traps are identified to enable practitioners to apply rigor and structure to this crucial discipline.

Benefits Management

Benefits Management
  • Author : Michael Payne
  • Publisher :
  • Release Date :2007-03
  • Total pages :328
  • ISBN : 9781900391160
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Summary : Good benefits management is characterized by an easily understood set of principles; the problem is that they can be difficult to apply in practice. Here, Michael Payne sets out not only to define those principles, but to show how they can successfully form the basis of an end-to-end process.

Benefit Realisation Management

Benefit Realisation Management
  • Author : Gerald Bradley
  • Publisher :
  • Release Date :2016-04-08
  • Total pages :394
  • ISBN : 1317175182
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Summary : The first edition of Gerald Bradley's Benefit Realisation Management quickly established itself as the definitive, practical guide to using measures to track performance throughout the life of a project or programme; enabling organisations to eliminate wasted investment, realise more benefits and realise them earlier. The second edition takes you step-by-step through the benefits realisation process, explaining along the way, how to: * define your projects and programmes by mapping the benefits * produce a convincing and accurate business case * communicate the benefits and get all your stakeholders on board * agree the measures you will use to encourage the desired behaviours, to monitor progress and to assess the ultimate success of the project or programme * use the benefits realisation approach to understand and address the human aspects of the project, including resistance to change, training needs and new ways of working * integrate this approach into your organisation's culture and systems The second edition includes expanded guidance on benefits realisation for portfolio management and includes revisions to the original text along with additional case study examples. The text of the latest edition is now printed in four-colour which make the detailed and varied benefit maps throughout the text immediately more striking and comprehensible. The benefits realisation management methodology fits closely with existing programme and project management approaches such as MSP and Prince 2, making it appropriate for both public and private sector environments. If you are investing heavily in change management, IT infrastructure or project working, then this book is a must-read that will justify its price many times over.

Benefits Management

Benefits Management
  • Author : John Ward,Elizabeth Daniel
  • Publisher :
  • Release Date :2012-07-18
  • Total pages :368
  • ISBN : 1118381602
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Summary : The second edition of Benefits Management has been updatedwith current examples, further insights from experience and recentresearch. It shows how the enduring challenges achieving businessvalue from information systems and technology projects can beaddressed successfully. The approach, which is synthesized frombest practices, sound theories and proven techniques from a rangeof management disciplines, is exemplified from the authors'extensive experience of working with a wide range of organizations.The book includes examples from a wide variety of projectsincluding non-IT projects. The book is written in an accessiblestyle, ideal for practicing managers, and includes check lists andtemplates for using the processes, tools and techniques andreal-life case studies of their application and impacts. The book now also includes: International survey results that reinforce the importance ofthe topic, the key management issues and evidence of how the moresuccessful organizations' practices are closely aligned with thosedescribed in the book. A Benefits Management Maturity diagnostic which enablesorganizations to understand the reasons for their currentinvestment success levels and then how to increase them. Discussion of the role and contribution Project ManagementOffices (PMOs): how they can improve the delivery of value ITprojects. Further practical advice and guidance on Program and PortfolioManagement, including findings from the authors’ recentresearch in several large organizations.

Project Management

Project Management
  • Author : Ofer Zwikael,John R. Smyrk
  • Publisher :
  • Release Date :2019-03-19
  • Total pages :337
  • ISBN : 3030031748
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Summary : This book is a complete project management toolkit for project leaders in business, research and industry. Projects are approved and financed to generate benefits. Project Management: A Benefit Realisation Approach proposes a complete framework that supports this objective – from project selection and definition, through execution, and beyond implementation of deliverables until benefits are secured. The book is the first to explain the creation of organisational value by suggesting a complete, internally-consistent and theoretically rigorous benefit-focused project management methodology, supported with an analytical technique: benefit engineering. Benefit engineering offers a practical approach to the design and maintenance of an organisation’s project portfolio. Building upon the authors’ earlier successful book, Project Management for the Creation of Organisational Value, this comprehensively revised and expanded new book contains the addition of new chapters on project realisation. The book offers a rigorous explanation of how benefits emerge from a project. This approach is developed and strengthened — resulting in a completely client-oriented view of a project. Senior executives, practitioners, students and academics will find in this book a comprehensive guide to the conduct of projects, which includes robust models, a set of consistent principles, an integrated glossary, enabling tools, illustrative examples and case studies.

Managing Benefits

Managing Benefits
  • Author : Steve Jenner,APMG International
  • Publisher :
  • Release Date :2014-09-29
  • Total pages :271
  • ISBN : 9780117082519
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Summary : Projects and programmes should achieve a return on the investment made by the owner or sponsor. This return is now thought of as the benefits that accrue from the investment: some financial, others perhaps harder to define, but nonetheless just as important in justifying the investment. Making sure that they are realised, and that unanticipated benefits are maximised, is as important as the initial justification, and without that many projects have earned a bad name for project management. This publication provides comprehensive guidance on how to manage delivery of the benefits used to justify investment in change. It provides guidance for all involved in successful change delivery from senior responsible owners and directors through to portfolio, programme and project managers. The guidance is the source material for an accredited qualification from APMG-International

Benefits Realization Management

Benefits Realization Management
  • Author : Carlos Eduardo Martins Serra
  • Publisher :
  • Release Date :2016-10-14
  • Total pages :276
  • ISBN : 1315352338
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Summary : Benefits realization management (BRM) is a key part of governance, because it supports the strategic creation of value and provides the correct level of prioritization and executive support to the correct initiatives. Because of its relevance to the governance process, BRM has a strong influence over project success and is a link between strategic planning and strategy execution. This book guides portfolio, program, and project managers through the process of benefits realization management so they can maximize business value. It discusses why and how programs and projects are expected to enable value creation, and it explains the role of BRM in value creation. The book provides a flexible framework for: Translating business strategy drivers into expected benefits and explains the subsequent composition of a program and project portfolio that can realize expected benefits Planning the benefits realization expected from programs and projects and then making it happen Keeping programs and projects on track Reviewing and evaluating the benefits achieved or expected against the original baselines and the current expectations. To help project, program, and portfolio managers on their BRM journey, as well as to support business managers in executing business strategies, the book identifies key organizational responsibilities and roles involved in BRM practices, and it provides a simple reference that can be mapped against any organizational structure. A detailed and comprehensive case study illustrates each phase of the BRM framework as it links business strategy to project work, benefits, and business value. Each chapter ends with a series questions that provide a BRM self-assessment. The book concludes with a set of templates and detailed instructions to ensure successful deployment of BRM.

Benefits Management

Benefits Management
  • Author : John Ward,Elizabeth Daniel
  • Publisher :
  • Release Date :2006
  • Total pages :419
  • ISBN :
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Summary : This book considers the topic of achieving value from IT from both theoretical and practical perspectives. It is based on extensive research which produced a comprehensive understanding and analysis of the issues involved and innovative new approaches that addressed those issues plus considerable practical application, in a wide range of organisations of the ideas, processes, tools and techniques that were developed. The book describes how IS/IT investments can be aligned accurately with organisational strategy and how the approach and 'tool-kit' can be used by business managers and IS/IT spec.

Organizational Project Management Maturity Model (OPM3®) Knowledge Foundation

Organizational Project Management Maturity Model (OPM3®) Knowledge Foundation
  • Author : Project Management Institute
  • Publisher :
  • Release Date :2013-08-01
  • Total pages :246
  • ISBN : 1628250305
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Summary : Organizations turn to OPM3® because it helps them bridge the gap between strategy and individual projects, and provides a way to advance strategic interests through the application of project management principles and practices. Organizational Project Management Maturity Model (OPM3®) – Third Edition is the result of years of development and continues to build on the foundation formed by the input of hundreds of project management practitioners and consultants from countries around the world.

Benefit Realisation Management

Benefit Realisation Management
  • Author : Gerald Bradley
  • Publisher :
  • Release Date :2006
  • Total pages :290
  • ISBN : 9780566086878
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Summary : Gerald Bradley pioneered BRM nearly 20 years ago and his experience in applying the methodology to programmes, projects and portfolios is second to none. His book explores the drivers, concepts and principles that underpin successful benefits realisation. He is careful throughout to relate the process to other recognised disciplines including OGC Gateway Reviews so that you can apply the methodology to your current project or programme management strategy.

Benefits Realization Management: A Practice Guide

Benefits Realization Management: A Practice Guide
  • Author : N.A
  • Publisher :
  • Release Date :2019-01-22
  • Total pages :94
  • ISBN : 1628254815
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Summary : Benefits realization is the common thread that runs from organizational strategy through project deliverables that contribute benefits. Yet, according to PMI's 2018 Pulse of the Profession Report: Success in Disruptive Times, only one in three organizations report high benefits realization maturity. This practice guide provides a comprehensive look at the topic of benefits realization in of portfolio, program, and project management. It will help readers tackle this important topic and drive more successful outcomes and better strategic alignment in your organization. Inside this practice guide readers will find: standardized definitions for benefits realization, benefits realization management and associated benefits realization terms; the core principles of benefits realization; the benefits realization management life cycle from organizational mission, vision, and strategy through project deliverables and success measurement, and how it contributes to the expected benefits and value that the organization intends to realize; and a framework and guidance to help practitioners manage benefits realization in organizational project management and portfolio, program, and project management. As with all PMI standards and publications, this practice guide also aligns with our other standards including: A Guide to the Project Management Body of Knowledge (PMBOK Guide)®—Sixth Edition; The Standard for Program Management—Fourth Edition; and The Standard for Portfolio Management—Fourth Edition.

The Standard for Program Management - Fourth Edition (Hindi)

The Standard for Program Management - Fourth Edition (Hindi)
  • Author : N.A
  • Publisher :
  • Release Date :2018-12-25
  • Total pages :176
  • ISBN : 9781628255973
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Summary : The Standard for Program Management - Fourth Edition differs from prior editions by focusing on the principles of good program management. Program activities have been realigned to program lifecycle phases rather than topics, and the first section was expanded to address the key roles of program manager, program sponsor and program management office. It has also been updated to better align with PMI's Governance of Portfolios, Programs, and Projects: A Practice Guide.

Fundamentals of benefit realization

Fundamentals of benefit realization
  • Author : Gerald Bradley,Stationery Office
  • Publisher :
  • Release Date :2010-09-30
  • Total pages :148
  • ISBN : 9780113312597
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Summary : This title provides a practical guide to benefit realization for all those who are responsible for change - Directors, Senior Responsible Owners (SROs), Programme Managers, Change Managers, Project Managers, Benefit Facilitators, P3O, PMO and PSO Managers. It shows how the author's proven approach to Benefits Realization Management (BRM) can be applied to programmes running under Managing Successful Programmes (MSP)

Project Benefit Management: Setting Effective Target Benefits

Project Benefit Management: Setting Effective Target Benefits
  • Author : N.A
  • Publisher :
  • Release Date :2018
  • Total pages :329
  • ISBN :
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Summary : Abstract: Target benefits such as "reduced operational costs" are project goals that can contribute to the long-term improvement of organizational performance following project completion. Setting effective target benefits is critical because it supports project investment decisions, clear project management direction, and thereby enhanced project and organizational performance. Based on goal setting theory, we present three studies to develop and validate a scale to measure effective target benefits. The proposed scale is comprised of three dimensions - specificity (e.g., specific target values), attainability (e.g., the capacity to realize the target benefits), and comprehensiveness (e.g., reflect the views of key stakeholders). This scale can be used by senior managers to assess proposed projects' target benefits, contributing to more informed project investment decision-making and the subsequent benefit management process. Theoretically, it can also be used as an instrument to facilitate theory development in the fields of project benefit management, strategy implementation, and organizational performance. Highlights: Setting target benefits is the first and critical step of project benefit management. Target benefits are strategic project goals that will enhance organizational performance if successfully realized. Setting effective target benefits supports post-project success. Effective target benefits should be specific, attainable, and comprehensive.

Project Benefits Management: Linking projects to the Business

Project Benefits Management: Linking projects to the Business
  • Author : Trish Melton,Jim Yates,Peter Iles-Smith
  • Publisher :
  • Release Date :2011-04-08
  • Total pages :240
  • ISBN : 008055766X
GET BOOK

Summary : Successful projects are the basis for the business many successful organisations, but many professionals lack the basic skills required to manage projects successfully. This book shows how to maximise the outcomes of projects and to ensure that the benefits arising from projects -- large or small -- are fully realized by the business. This key outcome can be easily overlooked or sidelined by the need to keep projects on track. Visually lead, to the point, with case studies and best practice guidelines throughout, the hard-won real world experience found in this book makes it a powerful PM resource for anyone involved in project management. Links project management to business goals for career project managers and those involved with project intermittently Focuses on the needs of engineering, industrial and process projects

Maximizing Benefits from IT Project Management

Maximizing Benefits from IT Project Management
  • Author : Jose Lopez Soriano
  • Publisher :
  • Release Date :2016-04-19
  • Total pages :316
  • ISBN : 1466516259
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Summary : With the majority of IT projects being delivered late, over budget, or cancelled altogether, it is clear that traditional project management methodologies do not provide an effective framework for today's IT projects. It is evident that a new Return-on-Investment (ROI) oriented approach is required that focuses on the ROI of a project fro

Earned Benefit Program Management

Earned Benefit Program Management
  • Author : Crispin Piney
  • Publisher :
  • Release Date :2017-10-10
  • Total pages :394
  • ISBN : 1315314274
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Summary : No one can disagree that benefits are good things. Whether you are responsible for projects, programs, or portfolios, you are increasingly expected to think—and act—in an appropriate benefits-driven way. However: Do you understand that what may be appropriate for a project may be inapplicable for a program? Can you avoid the trap of wishful thinking based on overinflated expectations and underestimated costs? Can you manage your program or portfolio from inception to final delivery in a consistent, benefits-focused way based on a single, coherent model? This book describes how Earned Benefit Program Management techniques provide an innovative, all-inclusive model and set of tools developed specifically to answer these questions. This model consolidates the key concepts of project, program, and portfolio management and ensures that all program and portfolio management steps are carried out based on a single, signed-off model in a consistent, verifiable manner within a consolidated life cycle. This approach guarantees alignment with strategic goals and constraints through every stage of a program. Case studies highlight the key features of the approach and provide important lessons and insights for managing programs. Although the ideas and concepts for each topic are fully consistent with existing standards and other published material, they are based on new thinking and go beyond current practice. They provide a set of original and powerful techniques that are applicable to both programs and portfolios in a wide range of business environments.

Governance of Portfolios, Programs, and Projects

Governance of Portfolios, Programs, and Projects
  • Author : Project Management Institute
  • Publisher :
  • Release Date :2016-01-01
  • Total pages :122
  • ISBN : 1628251107
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Summary : Understanding governance as it applies to portfolios, programs, and projects is growing in importance to organizations, because appropriate governance is a factor in the success or failure of strategic initiatives and portfolios, as well as an organization’s programs and projects. Implementing an effective governance framework can be challenging due to factors such as increasing business complexities, regulatory requirements, globalization, and rapid changes in technology and business environments. Many organizations do not have a consistent approach to portfolio, program, and project governance. PMI’s Governance of Portfolios, Programs, and Projects: A Practice Guide, developed by leading experts in the field, provides guidance to organizations and practitioners on how to implement or enhance governance on portfolios, programs, and projects. This practice guide provides definitions for governance in an effort to distinguish the different levels of governance and to identify their common elements.

A Guide to the Project Management Body of Knowledge (PMBOK(R) Guide-Sixth Edition / Agile Practice Guide Bundle (HINDI)

A Guide to the Project Management Body of Knowledge (PMBOK(R) Guide-Sixth Edition / Agile Practice Guide Bundle (HINDI)
  • Author : Project Management Institute
  • Publisher :
  • Release Date :2019-08-05
  • Total pages :756
  • ISBN : 1628255390
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Summary : To support the broadening spectrum of project delivery approaches, PMI is offering A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Sixth Edition as a bundle with its latest, the Agile Practice Guide. The PMBOK® Guide – Sixth Edition now contains detailed information about agile; while the Agile Practice Guide, created in partnership with Agile Alliance®, serves as a bridge to connect waterfall and agile. Together they are a powerful tool for project managers. The PMBOK® Guide – Sixth Edition – PMI's flagship publication has been updated to reflect the latest good practices in project management. New to the Sixth Edition, each knowledge area will contain a section entitled Approaches for Agile, Iterative and Adaptive Environments, describing how these practices integrate in project settings. It will also contain more emphasis on strategic and business knowledge—including discussion of project management business documents—and information on the PMI Talent Triangle™ and the essential skills for success in today's market. Agile Practice Guide has been developed as a resource to understand, evaluate, and use agile and hybrid agile approaches. This practice guide provides guidance on when, where, and how to apply agile approaches and provides practical tools for practitioners and organizations wanting to increase agility. This practice guide is aligned with other PMI standards, including A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Sixth Edition, and was developed as the result of collaboration between the Project Management Institute and the Agile Alliance.