The Importance of a Benefits Driven Approach

sigma's proven, structured and practical benefits driven approach to project and programme management consistently increases the return on investment from organisational change programmes.
The sigma Benefit Realisation Management approach can be easily integrated with project and programme management methodologies such as Prince2 and Managing Successful Programmes (MSP).

Increase Return on Investment from Change Programmes

Companies are increasingly seeking a reliable and consistent approach to delivering sustainable return on investment from organisational change and new technology. Yet many organisations report a return on investment from information technology of 1% or less.

Don't pour your investment in organisational change down the drain!

All investments should be driven by the benefits they will deliver to the business. Many companies identify these benefits in order to justify expenditure; and some companies measure whether or not the benefits have been delivered. Yet most companies still feel that they are not achieving the full potential from their investments in change and IT; a recent study valued the cumulative waste across the UK and US at £58bn p.a.

 

Part of the reason for the enormous gap between what could be achieved and what is being achieved is the misguided belief that benefits will be delivered automatically and all that is necessary is to measure them. What our experience proves is that continuous and active management of benefits throughout the project or programme life cycle is essential to achieve success.

The Added Value of Benefit Realisation Management

Source:"Managing Successful Programmes" by The Office of Government Commerce

Business Benefit Realisation Management moves the focus of investments in change and IT away from project-level results to business-level impacts. It takes a holistic view of business change, enabling businesses to get it right first time.

Benefit Realisation Management is relevant, flexible, and business-focused and should be an inherent part of any project management methodology.

Our clients have experienced consistently improved value from their change programmes through applying the sigma Benefit Realisation Management approach. It has made their projects and programmes more successful by delivering:

Widespread commitment to change for business improvement Significant reduction in resistance to change across the organisation Alignment of systems, business processes and objectives Identification and quantification of financial and non-financial benefits Clear accountability for process change and benefit delivery Systematic tracking and realisation of benefits

Contact us now to experience the same success that our clients have achieved by introducing sigma's Benefit Realisation Management approach.