Achieving effective benefits management in major projects
Posted by Maya Creasey on 9th Nov 2017
We heard on Thursday 9 November from Laura Geddes-Brock and Hannah Bullingham from Infrastructure and Projects Authority [IPA], in a webinar about their new Guide to Effective Benefits Management in Major Projects, which has been developed in consultation with APM.
Our presenters explained how a benefits-led approach to project delivery, that considers benefits realisation at all stages of the project lifecycle, improves; decision making, planning and risk management and delivers value for money to the citizen.
The scope of the guide includes:
- Key activities to be undertaken within the benefits management lifecycle
- Principles and good practice to adopt to ensure benefits are managed and realised
- How benefits management fits the HM Treasury Green Book Business Case process
- A RACI matrix for the key roles involved in benefits management
- A suggested Benefits Management cycle
Although the guidance is primarily aimed at major projects developed using a waterfall lifecycle within Government, listeners will learn of good practice and universal principles that can be applied more widely at programme and portfolio level.
This webinar content is suitable for professionals with an intermediate level of experience.
It forms part of the recently launched campaign strengthen your knowledge which we hope supports you with effective benefits management.
Laura and Hannah have very kindly allowed their presented material to be made available for viewing.
Due to the limited time for a Question&Answer session at the end of the presentation, they have kindly given responses to the questions raised during the webinar. A Q&A pdf version has also been created to support your engagement.
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Providing some practical guidance on how to implement benefits management - a few simple measures will enable organisations to focus on realising benefits from their investments in change.
Most people see the business case process as a form of medieval torture administered by accountants. They also, with some justification, question the quality and value of the business case once created.