By Carlos Eduardo Martins Serra
Merits cognizance administration (BRM) is a key a part of governance, since it helps the strategic construction of price and gives the proper point of prioritization and government help to the proper tasks. due to its relevance to the governance technique, BRM has a powerful impact over undertaking luck and is a hyperlink among strategic making plans and technique execution.
This ebook courses portfolio, software, and undertaking managers throughout the technique of advantages cognizance administration to allow them to maximize company price. It discusses why and the way courses and initiatives are anticipated to allow worth production, and it explains the function of BRM in worth production. The publication presents a versatile framework for:
Translating enterprise technique drivers into anticipated advantages and explains the next composition of a application and venture portfolio which can observe anticipated benefits
Planning the advantages consciousness anticipated from courses and initiatives after which making it happen
Keeping courses and initiatives on track
Reviewing and comparing the advantages accomplished or anticipated opposed to the unique baselines and the present expectations.
To support undertaking, software, and portfolio managers on their BRM trip, in addition to to aid enterprise managers in executing enterprise concepts, the publication identifies key organizational obligations and roles inquisitive about BRM practices, and it presents an easy reference that may be mapped opposed to any organizational constitution. an in depth and entire case learn illustrates each one section of the BRM framework because it hyperlinks company technique to undertaking paintings, advantages, and company price. each one bankruptcy ends with a sequence questions that supply a BRM self-assessment. The ebook concludes with a collection of templates and targeted directions to make sure profitable deployment of BRM.
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Extra resources for Benefits Realization Management: Strategic Value from Portfolios, Programs, and Projects
The last ones on our list are the ones specially designed to drive business changes and then to ensure the successful delivery of business objectives. The key success factor in the design of all these strategies is the integration between all these strategies, like an umbrella with what could be called the business strategy as its a central point. The business strategy sets the business objectives and drives the way all the others are designed. Since this book´s main objective is related to the successful execution of business strategies, the next two topics will quickly establish a high-level understanding about the difference between business strategies and project strategies.
Program management comes into place as another set of processes, tools, and techniques to support the management of a group of projects and related nonproject work, which are directly related to the achievement of a same set of strategic objectives. The organization is provided with better means for managing complex networks of benefits enabled by various projects and by managing these projects together, maximizes the benefits realized by individual projects and increases the chance of achieving the end benefit required by the business strategy.
Chapter 7—Reviewing and Evaluating Benefits presents practices, tools and techniques to keep programs and projects on track, as well as to review and evaluate the benefits achieved or expected against the original baselines and the current expectations. At the end of each chapter, a set of end-of-chapter review questions is provided to enable a self assessment of the understanding. The answers to all questions can be found at the end of the book in Appendix A. At the end of the book, Appendix D—Enterprise Benefits Realization Management Toolkit—Blank Templates provides a set of generic templates, and Appendix E— Enterprise Benefits Realization Management Toolkit—How to Use Guidance provides clear and detailed instructions for the utilization of the templates provided across the book.