Benefits Realization Management: Strategic Value from Portfolios, Programs, and Projects

Benefits realization management (BRM) is a crucial part of governance that supports the strategic creation of value and provides prioritization and executive support to initiatives. This book guides portfolio, program, and project managers through the process of BRM, enabling them to maximize business value. It discusses why and how programs and projects are expected to enable value creation, the role of BRM in value creation, and provides a flexible framework for translating business strategy drivers into expected benefits.

Format: Paperback / softback
Length: 294 pages
Publication date: 21 January 2023
Publisher: Taylor & Francis Ltd

Benefits realization management (BRM) is a crucial component of governance, as it plays a vital role in the strategic creation of value and ensures the appropriate prioritization and executive support for initiatives. Its significance to the governance process grants it a significant impact on project success, serving as a bridge between strategic planning and strategy execution.

This comprehensive book is designed to guide portfolio, program, and project managers through the process of benefits realization management, enabling them to maximize business value. It delves into the reasons and mechanisms through which programs and projects are expected to foster value creation, highlighting the role of BRM in this process. The book offers a flexible framework that facilitates the translation of business strategy drivers into anticipated benefits, the composition of a program and project portfolio that can deliver these benefits, effective planning for benefits realization, and the tracking and evaluation of achieved or expected benefits against initial baselines and current expectations.

To assist project, program, and portfolio managers in 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. It provides a concise reference that can be mapped against any organizational structure. A detailed and comprehensive case study accompanies each phase of the BRM framework, illustrating how it connects business strategy to project work, benefits, and business value. Each chapter concludes with a series of questions that serve as a BRM self-assessment, allowing readers to assess their own BRM capabilities.

The book concludes with a set of templates and detailed instructions, providing practical guidance for implementing BRM practices in organizations. Whether you are a seasoned BRM professional or embarking on your journey, this book offers valuable insights and tools to enhance your effectiveness in driving value creation and achieving project success.

Weight: 540g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032477169