BRM MATURITY – WHY IT MATTERS
Money can be wasted when projects perform poorly because the gap between strategy design and project delivery hasn’t been bridged. Champion organizations, with high levels of Benefits Realization Maturity (BRM), are more likely to meet business intent and waste less money. (PMI, 2018)
Amplify™ helps to build and sustain high levels of BRM maturity by utilizing effective techniques to value financial and non-financial benefits, embedding organizational standards for BRM, and ensuring metrics are baselined before the change is implemented.
BRM maturity matters because it corrects strategy misalignment, improve initiative selection, integrates outputs and outcomes, and improves the transition to operations, resulting in greater value delivery to the organization, its customers and investors.
AMPLIFY™ KNOW THE BENEFITS
Amplify™ SEM software is designed to encourage stakeholder engagement and ownership in the identification, planning, and tracking of business benefits. This is key to the development and ongoing viability of validated business cases, supported by quantitative metrics for measuring benefit and cost, reporting variance against the plan, and facilitating enterprise-wide feedback.
Amplify™ SEM software integrates two dimensions necessary to monitor the delivery of business value, namely:
(i) Delivery of initiatives on-time, on-budget and to scope
(ii) Achievement of business outcomes, whether financial (e.g. OpEx savings) or non-financial (e.g. headcount reductions or customer acquisition)”
AMPLIFY™ VALUE-DELIVERY CYCLE
IDENTIFY: Amplify™ supports industry-standard and tailored benefits mapping techniques, providing a powerful visualization of strategic objectives, business change, and their contributory initiatives. Executive stakeholders support benefits discovery and provide stage-gate approval for every initiative.
PLAN: The expected benefits are quantified with metrics to determine whether they are being realized, outcomes are prioritized to retain focus, and benefit and delivery schedules may be integrated to track value. (e.g. with Microsoft Project or Primavera P6)
MONITOR: Lead indicators are tracked, business cases and benefits realization plans are reviewed and updated continually. Robust governance and timely performance information is provided by initiative status reporting, stage-gate approvals, and automated workflows.
EVALUATE: Benefits are actively managed throughout the investment lifecycle, with comprehensive reporting to analyze performance against the baseline, to quickly diagnose where corrective action is required, and plans can be revised to take account of changes in business strategy.