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Business Benefits Realization Foundations

Business Benefits Realization Foundations

1h 11mBeginner2021-08-03

Authors

Laura Paton

Laura Paton

Business analysis thought leader, trainer, coach, mentor, practitioner

Course details

Increased competition, globalization, and shifting technologies are just some of the contributing factors that require today's organizations to up their game to ensure the money they invest in product development is spent on the highest-valued efforts. Without a clear approach to define how programs and projects are selected, funded, and managed, organizations may end up delivering solutions that have a high probability of failure. Such failures include missing customer expectations, solving the wrong problems, or misaligning solutions with the direction the enterprise is moving.

In this course, Laura Paton provides an introduction to business benefits realization, a practice designed to help organizations select the best change initiatives and ensure the proposed changes deliver and sustain business value. Laura breaks down the components of business benefits realization—introducing a five-part life cycle—and explains the steps for producing key business benefits deliverables.

Skills covered

Business AnalysisProject ManagementFoundationsBusiness Analysis and Strategy

Concepts

0. Introduction

  • 01 - Exploring the basics

1. The Basics of Business Benefits Realization

  • 02 - What is business benefits realization
  • 03 - Why is business benefits realization important
  • 04 - Key terms and principles of business benefits realization

2. Benefits Realization across the Enterprise

  • 05 - Vision, mission, goals, objectives, and strategy
  • 06 - How leaders guide work to achieve strategy
  • 07 - Shifting culture to enable successful adoption

3. The Business Benefits Realization Life Cycle

  • 08 - Step one - Identifying benefits
  • 09 - Step two - Analyzing benefits and plan
  • 10 - Step three - Delivering benefits
  • 11 - Step four - Sustaining benefits
  • 12 - Step five - Making adjustments

4. Key Roles in Business Benefits Realization

  • 13 - Sponsor role in business benefits realization
  • 14 - Organizational manager role in business benefits realization
  • 15 - Portfolio, program, and project manager role in business benefits realization
  • 16 - Business analyst role in business benefits realization

5. Business Benefits Realization Deliverables

  • 17 - Creating a business benefits roadmap
  • 18 - Creating a business benefits register
  • 19 - Creating a business benefits realization plan
  • 20 - Creating a business benefits traceability matrix
  • 21 - Creating a business case

Conclusion

  • 22 - Business benefits realization key takeaways

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