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APM Benefits and Value Specific Interest Group (SIG)

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Specific Interest Groups (SIGs) discuss particular aspects of project management to further understanding and good practice.

 

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About this SIG

Benefits management The identification, definition, planning, tracking and realisation of benefits. 

Value management A structured approach to defining what value means to the organisation. It is a framework that allows needs, problems or opportunities to be defined and then enables review of whether these can be improved to determine the optimal approach and solution.

Definition from APM Body of Knowledge 7th edition

What is benefits management?

The APM Benefits and Value SIG formed in April 2019, using synergies from these two linked interest areas. It brings a clearer focus to value management and benefits realisation in our increasingly complex world in ways which serve the needs of members, their stakeholders and the profession.

The SIG is made up of a community of practice (active volunteers, in working groups and also includes the committee members); and a community of interest (the wider APM membership with a specific interest). 

Formed from the merger of Benefits Management SIG and Value Management SIG in April 2019, the Benefits and Value SIG (BV) is here to help members, the Project Management profession, and the public to enjoy successful projects.

P3M (Portfolio, Programme and Project Management) deliver outcomes for a reason – to solve a problem (such as regulatory, cutting costs) or create an opportunity (new product, new market). The investment in the project has to be justified, and it’s the Benefits and Value that justify the investment. Our Active Volunteer groups develop thought leadership, practical guides and research. We hope you will find something of benefit and value to your work or study amongst our Blogs, Publications and Events.

Learn more about volunteering opportunities

Committee

Co Chair

Co Chair

Secretary

Committee member

Active volunteers

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SIG Podcast series

Optimising portfolios using benefits and value management: A panel debate podcast, June 2021
🕑 34 mins

Creating successful programmes using benefits: A panel debate podcast, August 2021
🕑 37 mins

Creating value in portfolios: A panel debate podcast highlights, October 2021
🕑 8 mins

We’d like you to contribute; have a listen, and join us for the next debate. To find out how, or to share your ideas and comments, please get in touch.

APM Volunteer Achievement Awards 

Following the APM Volunteer Achievement Awards 2020 nomination shortlist being published, the SIG nominees have each created a reflection piece

How human factors make all the difference in realising project benefits
APM Volunteer Innovation - Kevin Parry and Hugo Minney

The original question In the Benefits and Value SIG’s Thought Leadership Group they like to push the boundaries of conventional thinking, with questions like “what is the underlying cause of why so many projects fail to realise the promised benefits and value for money?”. After almost a year of research, Kevin Parry FAPM, presents his findings. Read article

Reinventing webinars: Creating value through high quality online event design
APM Volunteer of the Year / APM Special Achievement - Merv Wyeth

Merv has been organising webinars on behalf of APM Benefits and Value SIG for ten years. Since November 2017 he has designed and delivered two ground-breaking series, namely Effective Benefits Management (20 webinars) and during Covid-19 lockdown ‘Preparing for projects in a post-pandemic world’ (8) a collaboration with Major Projects Association. Read article

Giving back, while battling the pandemic
APM volunteer of the Year - Claire Dellar

Running vital NHS services responding to Covid19 didn’t keep Claire Dellar, from helping project professionals grow and learn in 2020. From conferences to webinars, eLearning to templates, Claire has been supporting APM’s members in their personal and professional development. Read article

APM Education Volunteer of the Year
Hugo Minney

In 2020, Dr Hugo Minney, ChPP delivered three lectures to university Masters-level students on the subject of benefits and value management, on behalf of APM, in addition to the student attendance at Dr Minney’s many other talks, which combine practical experience with cutting edge advancement of the profession. Read article

Benefits and Value SIG – A creative and caring community
APM Volunteer Awards: SIG of the Year - All

In the face of Covid-19 lock-down, BV SIG developed working groups, to engage active volunteers outside the formal committee, enabling them to focus on topics and activities that were over most interest. This has complemented with a Friday afternoon informal drop-in session. Read article

Featured resources

A Guide To Using A Benefits Management Framework 322X193
A guide to using a benefits management framework

Instructive and insightful, this guide puts benefits at the heart of your organisation.

"The guide develops an understanding of the need for benefits realisation, offering a framework for addressing contextual factors and developing the capability to realise benefits."

Exploring How To Design Effective 322X192
Exploring how to design an effective survey on Benefits Management

As part of a longer term project to deliver a high quality survey instrument to evaluate enablers and barriers to adoption, the Benefits & Value Management SIG would like to share their findings on designing an effective survey on benefits management. 

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Guide for effective benefits management in major projects

Developed by the IPA, the report covers key benefits management principles and activities for major projects.

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Benefits management lifecycle

Neil White and Rebecca Casey have written a practitioner's guide to benefits management, published in the autumn 2017 issue of Project.

Introimage Resources Whatispm Whatisbenefitsmanagement 340X204
What is benefits management?

Developed by the IPA, the report covers key benefits management principles and activities for major projects.

News by this SIG

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Artificial Intelligence projects – How they’re different and what you need to know to succeed webinar
How to prepare for the demands of data management, QA, and stakeholder expectations. Reviewing the challenges of hidden bias and artificial stupidity, and how they can impact project risk and compliance.
APM Bens And Value SIG 500Px Outlined
Creating value in portfolios: A panel debate podcast
The third podcast video in the "Benefits and value for the portfolio" series.
APM Bens And Value SIG 500Px Outlined
APM Benefits and Value SIG committee results for 2022-2023
We are delighted to confirm that the following nominees will be on APM Benefits and Value SIG committee for 2022-2023.
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Creating successful programmes using benefits: A panel debate podcast
The second podcast video in the "Benefits and value for the portfolio" series.
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Optimising portfolios using benefits and value management: A panel debate podcast
First podcast video in the "Benefits and value for the portfolio" series.
APM Bens And Value SIG 500Px Outlined
In the Spotlight: APM’s Benefits and Value SIG
Following on from the annual Association for Project Management Volunteer Achievement Awards, we speak with committee members from one of our Specific Interest Groups (SIGs) about what goes into running an award-winning group and how it benefits its many followers.

Blogs by this SIG

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APM’s sustainability conference round up: you can make it happen!
Think about what you love; hedgehogs, standing next to a clean stream, your family and community, the security of having a job – how much do you love it? How would you describe that love, that desire, to someone or to an alien visiting?
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Seven deadly sins of benefits management
This article is about the new British standard on benefits management: applying benefits management on portfolios, programmes and projects — A guide. There’s also a launch video recording.   There are ways to do benefits management correctly, and there are common practices that are toxic. As you read these, the Seven Deadly Sins, consider whether you have seen them in practice and comment below with your experiences — without naming the organisation, of course! 
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the British standard on benefits management at a gallop
Benefits management is not new although if you consider the state of success of British projects, you would be forgiven for thinking that nobody does it. Of those that do, many have invented their own processes, some of which work, and some don’t.  
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A new British standard: benefits management
Benefits management is the way we used to do things. It feels as though we have lost our way since then which is reflected in the poor project success rate . By restoring the focus onto benefits, we can improve success. And if ‘what gets measured gets done’ is true, then by measuring the benefits, it’s far more likely that projects will be successful. 
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Building for legacy — the London 2012 Olympic Park
When I was invited to talk at the APM Benefits and Value and Governance SIG Conference on the legacy of the London 2012 Olympic Park, I jumped at the opportunity. This is the project that defined the future trajectory of my career and one I am immensely proud to have been involved in.
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Why putting ESG objectives first is the obvious, but not instinctive, thing to do
We all want to do "the right thing", but this often conflicts with other habits and beliefs. The result is that when it comes to choosing where we invest our time, money and human resources, it comes down to both how disruptive the change would be and return on investment rather than return on ESG. This is true for senior executives and project managers alike.  

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