APM Benefits and Value Specific Interest Group (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 7^th edition 📖

What is benefits management?

@APMBVSIG #apmbenefitsvalue

About this SIG

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.

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Committee

David Golding: Co Chair
Hugo Minney: Co Chair
Sarah-Louise Earl: Secretary
Claire Dellar: Committee member
Kevin Parry: Committee member
Peter Rowlstone: Committee member
Stephen Speirs: Committee member
Neil White: Committee member
Merv Wyeth: Committee member

List of SIG active volunteers

Committee meetings happen on the second Wednesday of each month, with weekly Friday drop-ins at 4pm. If you are interested in hearing more please contact us to get in touch.

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Get involved in developing new approaches to providing assurance, sharing good practice and exchanging ideas.

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Featured resources

SIG Podcast series

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 on benefitsandvaluesig@apm.org.uk

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

View resources archive

Featured book - 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."

APM Body of Knowledge 7^th edition – Recommended reading

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Featured resources

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.

Download the report

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.

Find out more

Guide for effective benefits management in major projects

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

Download the report

What is benefits management?

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

What is benefits management?

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Webinars and events

Hosted by our online community, our SIGs and Branches are offering free lunchtime webinars. Covering a wide range of topics to support the project profession, please explore the full programme using the events listing below and sign up for free today.

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Looking to volunteer?

APM’s Branch and Specific Interest Groups are at the heart of a vibrant community of volunteers shaping the profession and raising its profile.

All members are welcome to contribute in the numerous activities that our Specific Interest Groups (SIGs) and Branches get involved in all year round.

Learn more about Volunteering