Documents/BRM

Benefits Realisation Management

Strategic_Plan

Publication: 2012-12-02

Source: http://en.wikipedia.org/wiki/Benefits_realisation_management#cite_note-2

Benefits realisation management (BRM) (also benefits management or benefits realisation) is one of the many ways of managing how time and resources are invested into making changes that people want to see happen. The popularity of BRM has grown recently in the UK with the inclusion of BRM by the UK Government in their standardised approach to programmes, Managing Successful Programmes (MSP). The idea behind BRM is that an investment is only successful if the benefits stakeholders were hoping to get are actually realised (actually happen).

As with all project management methodologies BRM has clear roles and responsibilities, processes, principles and deliverables. BRM is used to manage the investment by organizations in procurement, projects, programmes and portfolios. BRM is also used to ensure the organization maintains a benefits focus during continuing business operations. Outcomes are changes identified as important by stakeholders and can be strategic or non-strategic. A benefit is a measurable positive impact of change. A dis-benefit is a measurable negative impact of change. Successful BRM requires accountable people, relevant measures and proactive management.

Submitter:

Name:Owen Ambur

Email:Owen.Ambur@verizon.net

Organization:

Name:BRM

Acronym:BRM

Stakeholder(s):

  • UK Government