Published 06 Sep 2017
To take Bill Clinton strategist James Carville’s famous quotation and apply it to the world of project management: “It’s the benefits and value, stupid!” But as Dr. Harold Kerzner of IIL revealed in a recent AXELOS webinar , 70% of companies fail to achieve the bene...
Methodologies|Project management|Requirements|Roles|Strategic objectives|Value
Published 18 Aug 2020
In this blog, Alexei Kuvshinnikov , an accredited PRINCE2® 6th edition trainer with 20+ years of international project management experience, explains how to include intangible benefits in the Benefits Management Approach. Project benefits can be tangible or intangibl...
Benefits realization|PRINCE2|Project management|Project planning
Published 08 May 2018
For many project managers, their role in Benefits Realization is viewed as 'not my job' or out of scope for their role. This attitude will be the death of the 'old school' project manager in a world that is much more socially conscious and holds people accountable for the...
Agile|Benefits realization|Business Relationship Management|ITIL|Methodologies|PRINCE2|Project management|Value
Published 14 Feb 2018
Are you getting the very best from your PRINCE2 ® best practice knowledge? Sometimes, it’s useful to have a handy reminder of the key points you need to think about at any stage in a PRINCE2 project. My AXELOS has created a series of templates covering the bre...
Benefits realization|Change management|PRINCE2|Project management|Requirements|Roles
Published 03 Oct 2017
What is effective project and programme governance and why is it important to define and establish governance arrangements for success and the realization of benefits? T he focus of many organizations , particularly in the public sector, is how to reduce the cost of opera...
Behaviour|Project and Programme Management (PPM)|Requirements|Roles|Stakeholder management
Published 24 Nov 2017
A project doesn’t end with delivery but with the realization of its benefits to the business. So why is corporate strategy still not being fully communicated to the project team and what steps need to be taken to ensure that it is? Without a clear understanding of corpora...
Communication|Frameworks|PRINCE2|Project management|Strategic objectives|Strategy execution
Published 21 Apr 2020
What is the importance of detailing the benefit profile of a change programme? At a time of significant change – such as now, when organizations’ entire business or operating models could be transformed in response to the Covid-19 pandemic – benefit is everything. It is ...
Behaviour|Benefits realization|MSP|Programme management|Project and programme delivery|Project and programme management (PPM)|Roles|Stakeholder engagement|Strategy execution
Published 12 Feb 2020
Management of Portfolios (MoP ® ) introduced the concept of ‘ clear line of sight’ , a technique that seeks to ensure a transparent chain is continually demonstrated from strategic intent through to benefits realization. That is, a clear understanding of the positive cont...
Benefits realization|MoP|Portfolio management|Project and programme management (PPM)|Strategic objectives|Vision
Published 27 Mar 2020
How do you decide when to continue with a project – even when it’s horribly late and over budget – or when to stop it altogether? The new Berlin airport , for example, is scheduled to finally open this year, after its original opening date in 2007 was repeatedly delayed, co...
Benefits realization|Budgets|PRINCE2|Project and programme delivery|Project and programme management (PPM)|Project management|Project planning|Requirements
Published 30 Nov 2018
How does an organization instil the required discipline to align portfolios and hold itself to account? Step 1: Business forecast New market opportunities drive strategic change . This means the first step should be to look at what kind of an organization you need to b...
Benefits realization|Business information management|Portfolio management|Programme management|Project and programme management (PPM)|Project management|Strategic objectives|Strategy execution