New access to resource related to benefits realization management added to PMWL
25 June 2021 – Washington, DC, and Dallas, TX, USA – In case you missed it, new access to a useful previously posted resource related to benefits realization management (BRM) is available in the PM World Library (PMWL). The resource titled “Program Benefits Management: An International Best Practice the U.S. Government Could Use” is a paper by Wayne Abba, David Pells and Miles Shepherd that was presented at the 5th Annual University of Maryland Project Management Symposium in May 2018 and published in the June 2018 edition of the PM World Journal.
According to the authors’ introduction: Benefits Realization Management (BRM) has been incorporated into several international standards for program management, including The Standard for Program Management from the Project Management Institute (PMI) in the United States and Managing Successful Programmes (MSP) from the UK government (first published in 1999). MSP in the UK has been updated and replaced by Guidelines on Programme Management (2010) and Guide for Effective Benefits Management in Major Projects (Oct 2017). Policies and Guides related to BRM have also been issued by national and regional governments in Australia and New Zealand, as leaders have recognized the value of measuring program and project outcomes and benefits in addition to traditional measures such as scope, schedule and cost.
This paper briefly explains BRM concepts and implementation issues, drawing on experience, guidance and documents in the UK and other countries. Its applicability for use in US government agencies is then explored. Effective BRM does not replace traditional project management processes and tools, but rather provides a basis for linking strategies, projects, programs, performance and outcomes. If anything, it can make earned value management and other proven project management methodologies more effective, while also promoting agility and stakeholder value.
To read this article, visit the Applications and Hot Topics section of the library at https://pmworldlibrary.net/applications-and-topics/, scroll down and click on “Benefits Realization Management”. Scroll down to resource. Registration is required to access; to see who has free access, visit https://pmworldlibrary.net/who-gets-free-basic-access/
