Benefits Realisation Management (BRM)
Abstract
Benefits Realization Management or BRM, is a method used in management to define and measure the value that a project, program or portfolio management will bring into a company.
The BRM is based on identify and work with the benefits of a determinate project, program or portfolio.
Although this article will cover the BRM related with a program, the method and his techniques can be used either for a project, program or a portfolio.
This article will discuss the relation between the method and the success of a determinate program.
The benefits realisation management purpose is to find the benefits acquired from the organisation. Moreover, it aligning them with the interest and the vision statement of the company and it ensure that they will be gained. Indeed, one of the key point of the benefits realisation management is not only to define the benefits, but as well to decrease the possible risks related to these benefits.
The BRM can be decomposed in three different steps : identify the benefits, execute the benefits and sustain the benefits. Firstly, is important to understand wether a project, program or portfolio management will add value to the company. Secondly, the addition of new benefits and the decrease of risk in the existing one. Finally, in the sustain the manager ensure that whatever the project or program produce, it will keep adding values to the company.
These three aspects of the method and their techniques will be discussed in detail later on the article.
Even though the Benefit realisation management has many advantages, it also has some limitations that will be widely developed and analysed.
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