Benefits Realization Management
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Benefits Realization Management
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Benefits realisation management (BRM) is a key part of governance because it supports the strategic creation of value and provides the correct level of prioritisation and executive support to the correct initiatives. Due to its relevance to the governance process, BRM has a strong influence over project success and acts as a link between strategic planning and strategy execution.
Benefits Realization Management guides portfolio, programme, and project managers through the process of benefits realisation management so they can maximise business value. It discusses why and how programmes and projects are expected to enable value creation and explains the role of BRM in this process. The book provides a flexible framework for:
- Translating business strategy drivers into expected benefits and explaining the subsequent composition of a programme and project portfolio that can realise expected benefits
- Planning the benefits realisation expected from programmes and projects and then making it happen
- Keeping programmes and projects on track
- Reviewing and evaluating the benefits achieved or expected against the original baselines and the current expectations
To aid project, programme, and portfolio managers on their BRM journey, as well as to support business managers in executing business strategies, the book identifies key organisational responsibilities and roles involved in BRM practices. It provides a simple reference that can be mapped against any organisational 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 of questions that provide a BRM self-assessment. The book concludes with a set of templates and detailed instructions to ensure successful deployment of BRM.
Series: Best Practices in Portfolio, Program, and Project Management
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INFORMATION
ISBN: 9781498739252
Publisher: Taylor & Francis Inc
Format: Hardback
Date Published: 27 September 2016
Country: United States
Imprint: Auerbach Publishers Inc.
Illustration: 25 Tables, black and white; 50 Illustrations, black and white
Audience: Professional and scholarly
DIMENSIONS
Width: 156.0mm
Height: 234.0mm
Weight: 596g
Pages: 276
About the Author
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.
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