Benefits Realisation Management Masterclass

Why Select this Training Course?

In the evolving landscape of project management, Benefits Realisation Management (BRM) is pivotal to aligning projects with business strategy and ensuring they deliver expected outcomes. This masterclass goes further than traditional project management to focus on the end goals – the benefits that make a tangible impact on the business.

How will this course transition my focus?

Through practical tools and deep-dive methodologies, you’ll learn to shift the focus from simply delivering projects to ensuring each one contributes to the strategic goals and delivers real value.

Will I be able to implement benefits in my organisation?

Yes, this course covers not only the theory behind BRM but also provides practical frameworks for identifying, planning, tracking, and measuring benefits effectively.

Who Should Attend?

The course is suitable for:

• Programme and Project Managers
• PMO Leads and Staff
• Business Change Managers
• Senior Executives involved in project sponsorship
• Business Analysts
• Strategic Planners and Managers responsible for delivering business value

What are the Course Objectives?

This masterclass will enable attendees to:

• Understand the principles and practices of Benefits Realisation Management.
• Integrate BRM into the project and programme life cycles.
• Develop robust benefit identification and planning techniques.
• Design and implement monitoring frameworks for benefits tracking.
• Communicate and report benefits convincingly to stakeholders.

How will this course be presented?

The course will be delivered through:

• Expert-led seminars and discussions.
• Group exercises and case study analyses.
• Interactive workshops featuring BRM tools and software.
• Role-playing sessions to practice BRM scenarios.
• Participant presentations and feedback sessions.

What are the Topics Covered in this Course?

Module 1: Introduction to Benefits Realisation Management

• Fundamentals of Benefits Realisation Management
• Differences between outputs, outcomes, and benefits
• The role of BRM within the project lifecycle
• Strategic alignment of projects through benefits
• Establishing a BRM Framework in the organization
• Key principles for successful BRM
• Phases of Benefits Management Cycles
• Building a Benefits Realisation Plan
• The governance of benefits across projects and programmes
• Stakeholder engagement and management within BRM
• Overcoming common BRM challenges and pitfalls

Module 2: Benefits Identification

• Methods for identifying benefits
• Aligning benefits with organizational strategy and objectives
• Categorising benefits for effective management
• Engaging stakeholders in identifying benefits
• Prioritising benefits

Module 3: Benefits Planning

• Developing benefits profiles for each benefit
• Linking benefits to project deliverables and outcomes
• Designing benefits realization plans
• Creating a benefits traceability matrix
• Assigning ownership and accountability for benefits

Module 4: Benefits Delivery

• Embedding BRM into project execution
• Coordinating delivery methods to maximize benefits realization
• Techniques to deliver incremental benefits
• Ensuring sustainability of delivered benefits
• Adapting delivery approaches in response to changes

Module 5: Measurement and Evaluation of Benefits

• Designing measurement indicators and metrics
• Validating benefit achievement
• Post-implementation benefits measurement techniques
• Managing the realization of non-financial benefits
• Evaluating alignment with expected business changes
• Tracking and reporting progress to stakeholders
• Assessing the impact of benefits on organizational performance
• Techniques in forecasting and estimating projected benefits
• Adjusting measures in response to external changes
• Utilising software and BRM Tools for measurement activities
• Role of audits in benefits realisation
• Continuous improvement in Benefits Realisation Management
• Case studies in benefits measurement

Module 6: Benefits Realisation in Agile Environments

• Applying BRM in agile and adaptive project environments
• Prioritizing benefits in sprints and iterations
• Using Minimum Viable Product (MVP) concepts to realise benefits early
• Agile tools and techniques supporting BRM
• Flexibility and responsiveness in benefits tracking

Module 7: Change Management and Benefits Realisation

• Linking change management processes with benefits realisation
• Addressing resistance to benefit-driven change
• Communication strategies to support BRM
• Building benefits-focused culture within the organisation
• Measuring the effectiveness of change management in BRM
• Training and equipping teams for effective change implementation
• The role of leadership in fostering an environment receptive to benefit optimization
• Change agents and their role in BRM
• Sustaining benefits realisation during and after changes
• Long-term impacts of change on benefit outcomes
• Strategies to embed BRM into organizational change initiatives
• Success stories of change management enhancing benefits realisation

Module 8: Strategic Benefits Realisation Management

• Integrating BRM with organizational vision and strategy
• Strategic portfolio management for maximising benefits
• Linking benefits to key performance indicators (KPIs) at the strategic level
• Strategic enablers and disablers for Benefits Realisation
• Balancing short-term gains with long-term benefits
• Aligning project and program initiatives with strategic benefits
• Role of executives and board members in BRM
• Utilising BRM for competitive advantage and market differentiation
• Case studies on strategic benefits realisation

Module 9: Digital Transformation and Technology Enablement

• Impact of digital transformation on Benefits Realisation Management
• Leveraging emerging technologies for tracking and realising benefits
• Utilising data analytics for benefits optimisation
• Enhancing decision-making using real-time benefits data
• Tools for integrating BRM within enterprise systems
• Adopting technology best practices for sustained benefits realisation
• The future outlook of tech-enabled BRM

Module 10: Sustaining and Optimising Benefits Realisation

• Best practices in maintaining momentum in benefits delivery post-project
• Strategies for long-term management of realised benefits
• Utilising feedback loops for continual BRM improvement
• Optimising BRM over multiple project and program cycles
• Renewing and retiring benefits as part of organisational evolution
• Succession planning for BRM leaders and roles
• Evaluating and refreshing BRM processes and frameworks

Module 11: Advanced Techniques in Realising Benefits

• Dynamic benefit realisation for complex environments
• Scenario planning and analysis for benefit projections
• Advanced risk management in benefits realisation
• Synergising benefits across diverse projects and programs
• Realising benefits in multi-stakeholder environments
• Exploiting big data for benefits optimisation
• Leveraging AI and machine learning in BRM
• Predictive modelling and simulation for benefits planning
• Incorporating benefits realisation into business intelligence (BI)
• Holistic view of benefits across the programme lifecycle

Module 12: Governance and Compliance in BRM

• Establishing robust governance frameworks for BRM
• Ensuring compliance with legal and regulatory requirements
• Standardisation of BRM processes for transparency and accountability
• Role of corporate governance in successful benefits realisation
• Integrating BRM with corporate social responsibility (CSR)

Module 13: Value-driven Culture and Leadership

• Fostering a value-driven culture in project and programme management
• Leadership roles and responsibilities in benefit realisation
• Developing BRM capabilities across the organization
• Aligning individual performance with benefit delivery
• Creating a supportive environment for benefits realisation

Module 14: BRM in Public Sector and Non-Profit Organisations

• Tailoring BRM practices for public sector and non-profit scenarios
• Realising social, environmental, and community benefits
• Public accountability and transparency in benefit realisation
• Stakeholder engagement and communication strategies
• Case studies of BRM in public and non-profit sectors

Module 15: Global Trends and Future Directions in BRM

• Global best practices and trends in Benefits Realisation Management
• The impact of international standards on BRM
• Future technological advancements influencing BRM
• Sustainable BRM practices for global competitiveness
• Foresight and adaptability in BRM for emerging market trends