Benefits Realization Management
Strategic Value from Portfolios, Programs, and Projects
1st Edition
Published on 21. January 2023
Book
Paperback/Softback
294 pages
978-1-032-47716-9 (ISBN)
Description
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.
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.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Illustrations
50 s/w Abbildungen
50 Illustrations, black and white
Dimensions
Height: 234 mm
Width: 156 mm
Thickness: 16 mm
Weight
453 gr
ISBN-13
978-1-032-47716-9 (9781032477169)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Carlos Eduardo Martins Serra
Benefits Realization Management
Strategic Value from Portfolios, Programs, and Projects
E-Book
10/2016
Auerbach Publishers Inc.
€63.49
Available for download
Carlos Eduardo Martins Serra
Benefits Realization Management
Strategic Value from Portfolios, Programs, and Projects
E-Book
10/2016
Auerbach
€63.49
Available for download
Carlos Eduardo Martins Serra
Benefits Realization Management
Strategic Value from Portfolios, Programs, and Projects
Book
09/2016
1st Edition
Auerbach Publishers Inc.
€110.36
Article not available at the moment
Person
Carlos Eduardo Martins Serra is a certified PMP and Prince2 Practitioner. He holds a master's degree with merit in program and project management from the University of Warwick (United Kingdom), a postgraduate specialization certificate in project management from the Federal University of Rio de Janeiro (UFRJ) (Brazil), and a bachelor's degree in engineering from the Federal Center of Technological Education (CEFET-RJ) (Brazil).
He has been working since 1999 in project management environments across various market sectors, countries and roles in small and local businesses, as well as very large and global businesses. His work has focused on both national and global project, program and portfolio management roles, as well as on PMO roles. These roles have involved developing, implementing and executing project management processes and influencing project, program and portfolio managers, project sponsors and business managers around methodology, governance, and reporting. He has relevant energy sector experience from having worked for Ampla, Exxon Mobil, Petrobras, Venture Information Management, Lloyd's Register Energy and Gazprom Marketing and Trading. In addition to his professional experience in the PM field, he is actively committed to the development of project, program and portfolio management knowledge by frequently supervising or even taking active roles in research projects and by being an active member of the Project Management Institute (PMI) and of the British Association for Project Management (APM). He has written numerous academic articles, reports and white papers and he has won academic and professional awards. A specialist reviewer in the areas of governance and project management best practices for the International Journal of Project Management, he has designed and delivered project management and quality management course modules, lectures, and presentations for MBA programs, conferences, and training events, as well as companies' internal training programs.
He has been working since 1999 in project management environments across various market sectors, countries and roles in small and local businesses, as well as very large and global businesses. His work has focused on both national and global project, program and portfolio management roles, as well as on PMO roles. These roles have involved developing, implementing and executing project management processes and influencing project, program and portfolio managers, project sponsors and business managers around methodology, governance, and reporting. He has relevant energy sector experience from having worked for Ampla, Exxon Mobil, Petrobras, Venture Information Management, Lloyd's Register Energy and Gazprom Marketing and Trading. In addition to his professional experience in the PM field, he is actively committed to the development of project, program and portfolio management knowledge by frequently supervising or even taking active roles in research projects and by being an active member of the Project Management Institute (PMI) and of the British Association for Project Management (APM). He has written numerous academic articles, reports and white papers and he has won academic and professional awards. A specialist reviewer in the areas of governance and project management best practices for the International Journal of Project Management, he has designed and delivered project management and quality management course modules, lectures, and presentations for MBA programs, conferences, and training events, as well as companies' internal training programs.
Content
Benefits Realization Management and the Creation of Strategic Value to the Business. Introduction. Strategy Execution: Translating Corporate Strategy into Program and Project Strategy. Project Success and Creation of Value to the Business. Enterprise Benefits Realization Management (eBRM). Establishing the Environment for Benefit Realization. Planning Benefits. Realizing Benefits. Reviewing and Evaluating Benefits. Appendices. References.