Continued on page 6
Despite this proven value of benefits
management, 83 percent of
organizations lack maturity with benefits
realization, according to Pulse research.
Benefits realization is especially
important during project execution,
when benefits can be derailed due
to changes in the business, resource
challenges or even external forces.
Those include sudden shifts in customer
demands, which no longer align with the
project’s original goals.
To better understand how organizations
are maintaining their focus on benefits
ou’ve probably heard the
expression “Keep your eyes
on the prize.” This is one way
of communicating the importance of
benefits realization, especially during the
execution of a project. The “prize” is the
envisioned strategic benefits to be gained
by the project and its deliverable.
More mature organizations have shifted
their understanding of project success
to a more strategic perspective. They
have gone beyond “on time, on budget
and in scope” to “on purpose.” To
do this, they have adopted benefits
realization management. PMI’s 2016
Pulse of the Profession® research showed
that organizations with high benefits
realization maturity waste 67 percent less
money invested in projects and programs
than those with low maturity.
I N S I D E
Business Analysis— 3
An Essential Competency of
Project Management
PMI China News 10
Events Calendar 12
Make A Difference—Join the 15
PMIEF Leadership Society
PMI Assists at Conference 17
Bridging Academia and Business
Chapter Links 18
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Register Now and Save
Keynote Speakers
Announced for
PMO Symposium®
See page 8
Available online for PMI members only at PMI.org
The Latest Pulse of the Profession® Research
Maintaining the
Focus on Benefits
During Project
Execution
AUGUST 2016 A SUPPLEMENT TO PM NETWORK® PUBLISHED BY PROJECT MANAGEMENT INSTITUTE
