Benefits realisation is a well-proven method for designing and managing change projects to maximise value creation. It presents a new way of looking at projects and identifies behavioural change as the key driver of benefits realisation.
Change projects are costly in both time and money, and we often only realise a fraction of the expected benefits. Does this sound familiar? For most managers in steering committees of PMOs and projects, it does.
Less than 50% of benefits are realised on large change projects according to project owners. Only 18% of benefits are documented.
There is a present need to change the way we work with change projects so that we can succeed in changing behaviour and creating value.
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See our tools and download templates
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Get inspired! Have a look at our cases, watch previous event videos (in English and Danish), and download essential tools and templates. Or inspire others with links to books, articles or cases, questions, comments, tools and whatever you believe can help improve our ways of working with benefits realisation and change.
The Change-Driven Approach to Project Success
On 26 June 2022, our good colleague Rasmus Rytter will publish his new book and introduce a new approach to change projects where benefits realisation defines the design of the project and how it is led.
“Benefits realisation has helped Ørsted create significantly more value through better prioritisation decisions, clear managerial ownership and structured follow-up.”Kenneth Theilgaard Roslind, Chief Digital Officer at Ørsted
Read more and pre-order the book here
Project management is a craft. It takes time and effort to get good at it, and the same goes for the benefits realisation and change part of project management.
So, is the adaption of a structured approach to benefits realisation and change worth the effort? If you ask Novo Nordisk, Ørsted, Nykredit, Tryg and the University of Copenhagen, they definitely think so. You can read more about this in our case descriptions or in the book “Adfærdsdrevet Gevinstrealisering”, where you will find the cases from Ørsted and the University of Copenhagen.
“Implementing the benefits realisation method is a change project where we need to get senior management, managers in the steering committees and employees on board to succeed.”Kenneth Theilgaard Roslind, Chief Digital Officer at Ørsted
“We like that it is a proven method that fits on top of our agile project approach.” “Now we realise the benefits” Poul Henning Poulsen, Corporate VP, Strategic Quality Development at Novo Nordisk
"We have created the foundation for delivering on our very ambitions sales target for new products and services." Frederik Søgaard, Director, Private Division at Tryg
“The project benefits are realised and sometimes even more. Our benefits realisation has doubled”. Carsten kruse, vice precident, Nykredit
Do you want to realise the benefits potential in your projects?
Get started by signing up for one of our courses where you get hands-on experience with the methods and tools we use to design the project, change behaviour and realise the benefits.
“I will use the benefits realisation and change approach on my projects right away. I can’t wait to get started.”Lærke Kjærulff, COO, IFS R&D
You can also get inspired by signing up for one of our upcoming events, watch the videos from previous events or browse through the event presentations.
We hope to see you soon.
How to deliver real, measurable benefits to your organisation. Book release of "Benefits Realisation: The Change-Driven Approach to Project Success".
“Good interaction between theory and practice. Very interesting and relevant.“ Anne-Mette Gade, Region Nordjylland.
“There is not doubt that benefits realisation and behavioural design will help us create a lot more value with our projects” Rikke Frandsen, Robotics team manager, Forca
How to use behavioural design as a basis for change.
Realising the full benefit potential of projects by using a practical approach to benefits realisation and change.
Presentation from event in Danish: How to use behavioural design as the basis for change and value creation.
Presentation from event in Danish: Get a practical guide on how to improve your value creation in your projects and portfolios.
Presentation from event in Danish: Benefits realisation and behavioural design is the recipe for success in change projects.
How to work with behaviour-driven benefits realisation.
How to use behavioural design to create change and value in your organisation.
Recording from event in Danish: How to use behavioural design to create change and value in your organisation.
Recording from event in Danish: How to use behavioural design to realise the full benefits potential of your projects.
The Implement approach to benefits realisation and change has been developed over the last decade.
The method’s constant evolution is driven by our ambition to improve our ways of working each time we help on a project. Writing books and articles is a way for us to share our work and involve customers, academics and other project professionals in making our approach to benefits realisation easy to use as well as a great lever for value creation.
The change-driven approach to project success
Book in Danish: A practical guide written in Danish.
Book in Danish: Create more value through projects.
The benefit map creates ownership of the realisation of benefits, and it moves the focus away from deliverables and towards behaviour as the driver of benefits realisation.
If we want to create value through our change projects, we must make it simple for the people involved to act in the desired way.
Add benefits realisation and SAFe will create value – not just deliverables.
– in the state's new it project model.
- a brain friendly approach.
Article in Danish: Using programme management in the public sector's strategic initiatives.
The benefit map is undoubtedly the most import benefits realisation tool.
Below, you will find the template, an example and good advice for facilitating the benefits realisation workshop – the workshop where you make the first version of the benefit map. Furthermore, you can also read an article about the tool. We hope this will make it a little easier to get started.
The benefit map
The benefit map template is used to document the output from the benefit realisation workshop. The benefit map is kept updated throughout the project.
The first version of the benefit map is created in the benefit realisation workshop. These are good advice for facilitating the first part of the workshop.
This is how the benefit map looked at the end of the analysis phase. This is a typical example of benefit map from a revenue driven project.
Do you want to share inspiration or ask questions? Please just send us an email using the email address below.
A Practical Guide to Achieving Benefits Through ChangeBy Gerald Bradley
“A must read for Benefits Realisation connoisseurs – one of the books that defined benefits realisation back in 2010”.
How are we doing when it comes to benefits realisation? This is the best current source. It is based on public sector projects and we believe that situation described is the same for the private sector.
How to Change Things When Change Is HardBy Chip Heath and Dan Heath
An iconic book about how to create change by directing our rational self, motivation our emotional self, and shaping the environment. .
If you have questions or want to know more, please reach out to one of our benefits realisation experts.
Implement Consulting Group