This episode is reserved for subscribers of the Premium Podcast. Learn how to subscribe to the Premium Podcast to access this interview and transcript...

For your Project Management Professional (PMP)® exam use PMP exam prep on your phone with The PM PrepCast:

Dave Davis, PMP, PgMP, PBA

When we last spoke with Dave L Davis (https://www.linkedin.com/in/dldavispmp) we learned about the basics of benefits realisation and benefits realisation management? We discussed the benefits management process and focused on the important aspect of how all of this fits into project benefits management.

Now that we understand the theory of benefits realization management it’s time to take the next step and ask “How do we actually do all of this”. Luckily, Dave has a lot of experience in applied benefit management and he happily agreed to this second interview, so that we can take a look at a case study.

You’ll hear how we project managers are involved in the overall process, the importance of engaging stakeholders, how to ensure alignment between benefit management and organizational strategy, and of course, we will also look at metrics.

Play Now:

Get The PM PrepCast for the PMP Exam on your mobile device:

Dave Davis, PMP, PgMP, PBA

Here is the first sentence in Mark Langley’s foreword of the in-depth report Delivering Value - Focus on Benefits during Project Execution, which PMI published as part of it’s Pulse of the Profession Series:

A project is truly successful only if it delivers the benefits an organization envisions.

Mark Langley, PMI President and CEO

At first glance this sentence is awfully obvious to us project managers. But having good and successful benefits realization management and thereby turning this statement into a reality is what makes our job so hard. And rewarding.

So what exactly are benefits realisation and benefits realisation management? Is there a benefits management process and how does all of this fit into project benefits management?

How about if I let Dave L Davis (https://www.linkedin.com/in/dldavispmp) explain it all to you? He has authored one of the articles in that Pulse of the Profession report from where I took the earlier quote. The article is titled “The Benefits Management Journey” and serves as our guide.

We’ll learn what exactly benefits realization management is, review the process of implementing it on projects, meet the people involved, and we’ll even talk about tools.

And at the very end of this episode you’ll learn that even failings project have benefits

This episode is reserved for subscribers of the Premium Podcast. Learn how to subscribe to the Premium Podcast to access this interview and transcript...

This episode is sponsored by The Agile PrepCast. PDU for PMP::

Lindsay Scott

If you are working in a PMO then we have something good for you today.

Lindsay Scott (https://uk.linkedin.com/in/projectsmanagementrecruitment) from Arras People is back to talk us through the PMO Benchmark Report 2016. Yes... last week we looked at the overall PM Benchmark Report and right now it’s all about PMOs.

We are going to review who PMO practitioners are, who they work for, what their professional development looks like, how PMOs are set up, what functions they provide, where in the organization they are located from a reporting perspective, we’ll hear some PMO thoughts and challenges, and finally, we are going to be talking about www.pmoflashmob.org.

To download your PDF copy of this report, please visit the Arras People website and Request the PMO Benchmark Report 2016. You are also going to be invited to fill in the survey for the next report.

Play Now:

This episode is sponsored by The PM PrepCast. It's the best PMP Exam Prep on your mobile device:

Lindsay Scott

For over a decade now, Arras people has been publishing their yearly project management benchmark report and so I’ve invited Lindsay Scott (https://uk.linkedin.com/in/projectsmanagementrecruitment) to introduce it to us to this latest version.

Lindsay says about the report, that even after all this time of doing the research and seeing the changes over the years, it is hard not to be drawn to the fact that project management is still an exciting and growing field. The fact that projects are still failing suggests that even with all the effort and time expended we are still searching for that magic bullet which will ensure we deliver.

Of course, the report doesn’t give us this magic bullet, but it provides an interesting insight into what you and I are doing day after day.

There are two options for you to get a copy of this report:

• First, download your copy right here...
• But your second option, which is actually the better one, is to visit the Arras People website and Request the Project Managment Benchmark Report 2016. Because in that way you are also going to be invited to fill in the survey for the next report.

Project Management Benchmark Report 2016

Click here to download the Project Managment Benchmark Report 2016...

Download your copy of the report simply by clicking on the link above.

If, however, you want to be invited to take the survey for next year's report then please Request the Project Managment Benchmark Report 2016 directly from the Arras People website.

You'll be asked to provide your basic information and will be contacted when the survey for the next report is sent out. It's a great way to give back to our community.