As Steve Jenner (one of the world’s leading Project Portfolio and Benefits Realization Management subject matter experts, called the “Rottweiler” of benefits management by friends and colleagues) puts it:
“Benefits are more than simply one aspect of the ‘portfolio, program, and project management; they represent the basis for taxpayers’ and shareholders’ money being invested in change projects.”
Many companies continue to struggle to demonstrate that the forecasted advantages used to justify investment are achieved in practice throughout the world and across all industries. In her Ph.D. thesis on software project failure, Dr. Cecily Macdougall CPA (Founder and CEO of Building4Business) discovered that $5.4 billion is lost each year in Australia alone on initiatives that do not result in benefits realization.
This is primarily due to a misunderstanding of what constitutes good benefits management, which includes techniques like identification, quantification, analysis, planning, tracking, realization, and optimization.
This white paper is intended to complement Steve Jenner’s excellent book, Managing Benefits, which provides managers and practitioners from a variety of disciplines working in a variety of industries and organizations with generally applicable guidance on benefits management principles, practices, and techniques. It also serves as the foundation for our Benefits Management training and certification program.
Here at CourseMonster, we know how hard it may be to find the right time and funds for training. We provide effective training programs that enable you to select the training option that best meets the demands of your company.
For more information, please get in touch with one of our course advisers today or contact us at training@coursemonster.com