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Introduction

Bridge the gap between project delivery and tangible business value with our "Benefits Realization Management for Projects" training course. In today's strategic landscape, simply completing projects on time and within budget is no longer enough; organizations demand demonstrable return on investment. This intensive 10-day program equips project and program professionals with a robust framework to identify, plan, track, and sustain the intended benefits that justify every project's existence. Learn to proactively link project outputs to business outcomes, secure executive buy-in, and ensure your initiatives truly deliver the strategic value and competitive advantage promised.

Duration

10 Days

Target Audience

This course is designed for project managers, program managers, PMO leaders, business analysts, sponsors, senior leaders, and anyone responsible for ensuring that projects and programs deliver measurable business value. It is particularly beneficial for those who:

  • Struggle to articulate the true value of their projects beyond technical delivery.
  • Need to gain stronger executive support and funding for initiatives.
  • Want to improve the long-term impact and sustainability of project outcomes.
  • Are involved in strategic planning and project portfolio selection.
  • Seek to enhance their organization's ability to achieve intended business results from investments.

Course Objectives

Upon successful completion of the "Benefits Realization Management for Projects" training course, participants will be able to:

  • Understand the fundamental concepts of Benefits Realization Management (BRM) and its critical role in value delivery.
  • Identify, define, and quantify measurable business benefits aligned with strategic objectives.
  • Develop comprehensive Benefits Realization Plans that integrate with project and program lifecycles.
  • Master techniques for tracking, monitoring, and reporting on benefits progress throughout the project journey and beyond.
  • Understand the vital role of stakeholders, particularly business owners, in benefits ownership and realization.
  • Implement strategies for ensuring the sustainment of benefits post-project closure.
  • Leverage tools and techniques for effective benefits mapping and analysis.
  • Navigate challenges related to data collection, measurement, and accountability in benefits realization.
  • Establish robust governance structures and processes for effective BRM.
  • Formulate a strategic roadmap for implementing or maturing BRM practices within their organization.

Course Modules

Module 1: Introduction to Benefits Realization Management (BRM)

  • Defining BRM: Bridging the gap between project outputs and business outcomes.
  • Why BRM is critical: Beyond on-time, on-budget to delivering true value.
  • Key concepts: Benefits, dis-benefits, value, outcomes, outputs.
  • The lifecycle of a benefit: Identification, Planning, Realization, Sustainment.
  • Case studies highlighting the impact of effective BRM.

Module 2: Strategic Alignment and Benefit Identification

  • Linking projects directly to organizational strategy, goals, and objectives.
  • Techniques for identifying potential benefits: Brainstorming, workshops, stakeholder interviews.
  • Categorizing benefits: Financial, operational, strategic, customer, social.
  • Differentiating between direct benefits, indirect benefits, and enablers.
  • The importance of a clear and compelling business case for each project.

Module 3: Defining and Quantifying Measurable Benefits

  • Making benefits SMART (Specific, Measurable, Achievable, Relevant, Time-bound).
  • Establishing clear metrics and baselines for benefit measurement.
  • Quantifying tangible (monetary) and intangible (non-monetary) benefits.
  • Developing a Benefits Map: Visualizing the links from inputs to outcomes and benefits.
  • Techniques for valuing intangible benefits.

Module 4: Developing the Benefits Realization Plan

  • Integrating BRM activities into the project/program management lifecycle.
  • Roles and responsibilities for benefits ownership and realization (e.g., Business Owner, Sponsor, Project Manager).
  • Defining the benefit realization schedule and milestones.
  • Identifying necessary changes in business processes, systems, and behaviors to realize benefits.
  • Creating a comprehensive Benefits Register.

Module 5: Benefits Tracking, Monitoring, and Reporting

  • Tools and systems for tracking benefit realization progress.
  • Designing effective benefits dashboards and reports for various stakeholders.
  • Communicating benefit status and variance from baselines.
  • Conducting regular benefits reviews and performance assessments.
  • Adjusting strategies based on benefit realization insights.

Module 6: Managing Stakeholders for Benefits Realization

  • Identifying key benefits owners and securing their commitment.
  • Engaging stakeholders throughout the BRM lifecycle.
  • Building consensus on benefit definitions and measurement.
  • Communicating the "WIIFM" (What's In It For Me) to ensure buy-in.
  • Addressing resistance to change that impacts benefit realization.

Module 7: Sustaining Benefits Post-Project Closure

  • The critical handoff from project team to operations.
  • Implementing necessary organizational changes to embed new processes and behaviors.
  • Monitoring benefits long after project closure.
  • Developing sustainability plans for achieved benefits.
  • Lessons learned from projects where benefits were not sustained.

Module 8: Challenges and Best Practices in BRM

  • Common pitfalls in BRM: Poor definition, lack of ownership, measurement difficulties.
  • Overcoming data collection and accuracy challenges.
  • Dealing with unforeseen external factors impacting benefits.
  • Best practices for fostering a benefit-driven culture.
  • Integrating BRM with organizational strategic planning and portfolio management.

Module 9: BRM Governance and Tools

  • Establishing a clear governance framework for BRM.
  • The role of the PMO or a dedicated BRM function.
  • Leveraging software tools for benefits mapping, tracking, and reporting.
  • Connecting BRM with financial reporting and investment decision-making.
  • Case studies of BRM frameworks in practice.

Module 10: Future Trends in BRM and Personal Application

  • The impact of AI and advanced analytics on benefits identification and tracking.
  • Agile BRM: Realizing benefits incrementally.
  • Integrating BRM with Value Stream Mapping.
  • Developing a personal action plan for applying BRM principles to your current and future projects.
  • Advocating for stronger BRM practices within your organization.

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

 

Benefits Realization Management For Projects Training Course: Ensuring That Projects Deliver Their Intended Business Benefits Introduction Bridge The Gap Between Project Delivery And Tangible Business Value With Our "benefits Realization Management For Pr in Belarus
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