Benefits Management: the Missing Knowledge Area

TL;DR

Project managers need to prioritize project benefits management to deliver value and stay ahead in their careers.

Transcript

i could name a whole load of knowledge areas domains of knowledge areas of expertise elements of practice that are missing from the large and important methodologies like the pmi's bimbo guide the project management body of knowledge the apm's body of knowledge the apm block and prince2 indeed i wrote an article called project management areas how ... Read More

Key Insights

• 📽️ Traditional project management methodologies often neglect project benefits management.
• 😮 The rise of agile methodologies has brought more attention to incremental delivery and benefits realization.
• 📽️ Project managers who prioritize project benefits management can differentiate themselves and enhance their career prospects.
• 🚚 Delivering value through benefits realization is essential for project success.
• 🎮 A project benefits management video course can provide the necessary knowledge and skills.
• 🤩 Project managers need to embrace benefits management as a key aspect of their practice.
• 📽️ The focus on project benefits management is likely to increase in the future.

Questions & Answers

Q: Why is project benefits management often overlooked in project management methodologies and training?

Project benefits management is often overlooked because traditional methodologies focus on deliverables rather than the realization of benefits. Additionally, agile methodologies have brought more attention to incremental delivery rather than benefits management.

Q: How does project benefits management differ from program management?

In the past, project benefits management was seen as a discipline within program management, with programs being responsible for creating benefits. However, now the focus has shifted, and project managers are expected to deliver benefits through incremental delivery of deliverables.

Q: What are the potential advantages for project managers who prioritize project benefits management?

Project managers who prioritize project benefits management can differentiate themselves professionally and enhance their career prospects. They will be able to deliver value to their clients and stay ahead in a changing project management landscape.

Q: Why should project managers consider taking a project benefits management video course?

A project benefits management video course offers a comprehensive and accessible way to learn about the concepts and tools involved in benefits management. It can help project managers understand and apply these practices in their projects.

Summary & Key Takeaways

• Project benefits management is often overlooked in core methodologies and project management training.

• The concept of benefits management has been around since the 1990s, but its importance has grown with the rise of agile methodologies.

• Focusing on project benefits management and benefits realization can be a differentiator for project managers and crucial for delivering value.