Benefits Management SIG
"Benefits management is the identification, definition, planning, tracking and realisation of business benefits."
APM Body of Knowledge, 6th edition, section 3.2.1
Welcome to the APM Benefits Management Specific Interest Group (SIG) website. The SIG was established in May 2009 for the benefit of members, the APM and the professional in general.
The Benefits Management SIG has members across the UK as well as globally. SIG membership includes numerous individuals from outside the traditional project and programme management profession - a fact which belies its ability to influence change.
The SIG addresses the need for professionalism in benefits realisation, ensuring that projects and programmes deliver their intended value. APM Competence Framework scope now includes project, programme and portfolio organisational capabilities and incorporates a benefits realisation competence area. APM recognises the important synergistic relationship between benefits-driven change and the wider P3M community.
To be a recognised driving force and source of leadership in developing and nurturing a community of benefits management practitioners and stakeholders, facilitating collaboration and sharing of information on proven and emergent practice.
Our strategic objectives
- BM mindset and culture organisationally embedded across P3M life cycles.
- Documented and disseminated proven best practice.
- Strengthened, growing community of BM practitioners and stakeholders.
- Increased collaborative working with SIGs, branches and external bodies.
- Focus on value creation as well as delivery.
The SIG’s vision is to develop and promote benefits realisation as a core driver of successful project, programme, portfolio and change management. We aim to do this by:
- supporting project, programme, portfolio, PMO and other business professionals with a strong interest in benefits realisation through knowledge sharing and the opportunity to network;
- becoming the recognised source and portal for the development and dissemination of knowledge on benefits realisation globally;
- becoming pre-eminent for our contribution to thought leadership on alignment of benefits realisation, change management and business strategy;
- providing standards and guidelines for benefits realisation;
- building partnerships with businesses and other professional groups with a strong interest in benefits management.
Organisations will move beyond a delivery culture to one focused on value, one which recognises the need to embed a benefits mindset in all business practices throughout the life-cycle of investments and resulting assets.
- Neil White: Chair
- Merv Wyeth: Secretary
- Bruce Phillips: Committee member
- David Liversidge: Committee member
- Hugo Minney: Committee member
- Ned Newton: Committee member
- Ravi Joshi: Committee member
- Richard Breese: Committee member
- Stephen Parker: Committee member
- Sarah Earl: Committee member
- Alec Miljkovic: Committee member
- Alexis Blades: Committee member
- Sarah Harries: Committee member
- Tanya Durlen: Committee member
- Rebecca Casey: Committee member
- Anna Gray: Committee member
- John Thorp: Volunteer
News by this SIG
- APM Research Fund publishes Project Handover report
- Date:26 July 2017
- Read More
- Benefits Management SIG committee election 2017/18 results
- Date:23 June 2017
- Read More
Read all articles and news related to this SIG
A practitioner's guide to benefits management
In the autumn issue of Project, Neil White and Rebecca Casey of APM's Benefits Management SIG have written a practitioner's guide to this area of project management. Supporting the article is a diagram that provides a framework that organisations can adopt to optimise the realisation of business value from their investment in change.
Blogs by this SIG
- Top tips for delivering value for money from investments in change
- Date:13 September 2017
- Read More
The APM Benefits Summit 2017
Realising Benefits in a Changing World
The programme for the APM Benefits Management Summit 2017, #apmbmsummit, held on 22 June 2017, was organised around four related themes:
- Organisational Transformation
- The Business Case
- Portfolio Management
- Working with Partners
The Summit provided delegates with many unique and proven insights and perspectives to successfully plan and realise benefits including:
- Ensuring that multiple initiatives contribute to strategy.
- Providing real data to budget holders to make sound investment decisions.
- Improving benefits identification and engagement with stakeholders.
- Enabling organisations to ensure that their changes are wholly beneficial.
- Responding to Agile ways of project initiation and delivery.
- Enabling enterprise working using common benefits frameworks.
Delegates also had the opportunity to network with global experts, proven practitioners and enthusiasts.
TIME ACTIVITY TITLE and SPEAKER
09:45 Key note Transforming government through transformation projects, Tony Meggs, Infrastructure and Projects Authority (IPA)
10:15 Presentation Enhancing performance in complex projects through collaboration, David Hawkins, Institute for Collaborative Working (ICW)
10:50 Presentation From ambition to delivery - don’t just do something, stand there and think!, Joseph Lowe, HM Treasury
11:45 Case study 1 Implementing a benefits-led approach to portfolio management at the MPS, Penny Chalton and Thomas Coleman, Deloitte
12:10 Case study 2 Using risk information to enhance partner relationships, Will Foulds, Redstone Risk Ltd
12:35 Case study 3 In scoping programmes, is using the “T” word a constraint to successful delivery? Ian Clark, Department for Work & Pensions (DWP)
14:00 Workshop 1 Portfolio and benefits management framework development, Simon Darby, APM Portfolio Management SIG and Neil White, APM Benefits Management SIG Chair
14:00 Workshop 2 Thinking systematically about benefits, Andrew Gray and David Liversidge, BMT Hi-Q Sigma
14:00 Workshop 3 Pessimists, realists and liars: why benefits forecasts are always wrong, Claire Dellar, NHS Digital
15:15 Workshop 4 Value and benefits management: optimising benefits when affordability is an issue - as it always is!, Steve Parker, GHD Ltd and APM Value Management SIG
15:15 Workshop 5 Benefits driven organisational transformation, Carlos Serra, Independent Researcher/Author
15:15 Workshop 6 Creating order out of chaos: new generation tool for strategic planning, Merron Simpson, New NHS Alliance
16:20 Closing Key Note Show me the benefits! optimising the return on investment in projects & programs, Steve Jenner, Portfolio Solutions; Author, Practitioner, Trainer
16:55 Final remarks and close APM Benefits Management SIG
Hyde Park Solutions Ltd (HPS) is a specialist Portfolio, Programme and Project Management consultancy established in 2007.
HPS Consultants work with their clients to develop and implement PfM OPPM solutions for even the most complex of PfM challenges.
HPS understands the value and importance of the end to end life cycle of investments and projects this allows HPS to enable blue chip organisations to make better informed strategic decisions when selecting their project investment, and tactical decisions in managing their programme and project challenges.
HPS is Oracle’s Primavera Gold Partner of choice for Oracle Primavera Portfolio Management (OPPM) installations.
HPS is also an Oracle Primavera Gold Partner with recognised expertise in Primavera P6, Unifier, Risk Analysis and Analytics and most importantly their integration between each other and other vendor’s software applications to provide a total solution for PfM challenges.