The business benefits process needs to be evaluated. This video provides insights to ensure the business benefits realization process is working end to end.
- I think of managing benefits realization…as a marathon rather than a sprint.…Although you don't typically stop…in the middle of a marathon,…you might slow down occasionally…and assess where you are, how your body is doing…and catch a breath before the long haul to the finish line.…I recommend a similar approach…when managing benefits realization.…You might have implemented…all the tools I have discussed in this course,…including a benefits realization roadmap,…benefits realization plan,…risk management field benefits,…and you have proper measurements in place.…
Still, it's a good idea to occasionally take a step back,…catch a breath and check on the overall success…of your benefits realization management approach.…You probably don't have to do anything formal here,…but I would look for a few of the more common pitfalls…that could undermine your benefits management approach.…Here are a few pitfalls that I always look out for.…Firstly, multiple projects are initiatives…that affect the same business benefit,…causing confusion or conflict.…
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- Identify the purpose of portfolio management.
- Determine the point when benefits are fully realized.
- Recall the four pillars of business benefit realization.
- Summarize the information provided by the performance register.
- Explain the steps taken to create a benefits realization plan.
- Identify the four fundamental components of governance.