Benefits Realisation

Add up the benefits

Why is it so important to calculate and communicate the benefits of your project?

• Be prepared: Boards, the Executive Team and auditors often ask, without warning, what return they have got from their investment.
• If an initiative, program or project is to genuinely succeed, the organisation needs to pursue a deliberate and active approach to realising benefits.
• The benefits realisation process involves not only tracking results, but identifying specific opportunities and pursuing them.
• The process also pinpoints any risks to your project’s expected outcomes, allowing you to monitor them and take pre-emptive action if needed.
• Giving a positive account of benefits realised can be a career enhancing move for those who are behind the initiative.

And of course, if benefits are managed well the first time, the next business case has a high probability of first time approval.

EM can help you to:

• Communicate what actions are needed to realise intended benefits
• Work out how staff have contributed in achieving outcomes
• Prepare strategies for actively minimising the risks identified
• Take corrective action when the expected benefits are not occurring
• Design metrics for monitoring the fulfilment of promised benefits
• Match costs with benefits to assess a net return

EM also offers training for Executives on Benefits Realisation.

Contact us to find out how EM can help you.