According to a study done by the Loughborough University Business School, over 70% of #business improvement #projects fail to deliver their expected benefits, and even when they do, they are rarely fully realized.
So What is #BenefitsRealization?
So What is #BenefitsRealization?
Benefits Realization:
It is the process of ensuring that the project results meet the expectations of customers and stakeholders.
It is the process of ensuring that the project results meet the expectations of customers and stakeholders.
Why is it necessary?
Organizations can define and measure success through the benefits realization process.
Organizations can define and measure success through the benefits realization process.
It can be expressed in a variety of ways, including:
• Fulfillment of expected benefits
• Equitable resource consumption
• Fulfillment of expected benefits
• Equitable resource consumption
• Avoidance of major delays.
• Effective change management.
• Prevention of errors and missteps.
• Effective change management.
• Prevention of errors and missteps.
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