Benefits realization is the common thread that runs from organizational
strategy through project deliverables that contribute benefits. Yet,
according to PMI's 2018 Pulse of the Profession Report: Success in
Disruptive Times, only one in three organizations report high benefits
realization maturity. This practice guide provides a comprehensive look
at the topic of benefits realization in of portfolio, program, and
project management. It will help readers tackle this important topic and
drive more successful outcomes and better strategic alignment in your
organization.
Inside this practice guide readers will find: standardized definitions
for benefits realization, benefits realization management and associated
benefits realization terms; the core principles of benefits realization;
the benefits realization management life cycle from organizational
mission, vision, and strategy through project deliverables and success
measurement, and how it contributes to the expected benefits and value
that the organization intends to realize; and a framework and guidance
to help practitioners manage benefits realization in organizational
project management and portfolio, program, and project management.
As with all PMI standards and publications, this practice guide also
aligns with our other standards including: A Guide to the Project
Management Body of Knowledge (PMBOK Guide)(R)--Sixth Edition; The
Standard for Program Management--Fourth Edition; and The Standard for
Portfolio Management--Fourth Edition.
