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Archive for the ‘microsoft project server’ tag

Is Robust Benefits Realization Finally In Reach?

Written by Ben Chamberlain on July 10th, 2015 at 12:54 pm

UMT360_Blog_Image_MSProject

Part 5 in a series on how to extend the value of Microsoft Project Online & Project Server…
By now we know how important good business cases are to ensuring good project and program selection. A business case helps the organization determine the relative value of investments, and are also used to evaluate and prioritize competing initiatives.

But what happens to those business cases once the project has been approved? Read the rest of this entry »

Three Hurdles to Benefits Realization

Written by Ben Chamberlain on March 25th, 2014 at 2:00 pm

A recent UMT360 webinar on Project and Portfolio Financial Controls for Project Server included discussion of the need for a benefits realization framework.  It’s a topic of intense interest as businesses focus on getting the most out of their investments. Executives want to be assured that they’re getting 100% of the benefits promised and that those benefits are being delivered when expected. So, what’s keeping businesses from realizing benefits?

In working with clients over the years, UMT360 has seen clear themes emerge as to why businesses fail to achieve investment benefits. Most seem to face three main hurdles.

  1. Stakeholder Involvement, Commitment and Engagement
    In many cases, once a project is funded, no one is responsible for benefits realization. There has to be accountability, a clear vision and agreement on objectives.
  2. Lack of a Proven Benefits Realization Process
    No one understands how to manage the benefits lifecycle or there’s a lack of management support for a formal benefits realization process.
  3. Uncertainty
    Market conditions, scope and resources change along with the inherent challenges associated with defining and managing soft or non-financial benefits.

Benefits realization is key to ensuring businesses get the expected payoff from investments. Learn more about how to get started with Benefits Realization by reading UMT360 CEO Mike Gruia’s white paper The Benefits Realization Crisis.  Click here to download.   Did you miss the webinar?  Click here to view it and learn how Adding Project and Portfolio Financial Controls to Microsoft Project Server can help you realize more ROI from your PPM investment.