{"id":782,"date":"2022-03-30T05:13:00","date_gmt":"2022-03-30T12:13:00","guid":{"rendered":"https:\/\/www.wanhow.com\/projectmanagercoach\/?p=782"},"modified":"2022-04-01T17:18:01","modified_gmt":"2022-04-02T00:18:01","slug":"key-success-factor-for-benefits-realization","status":"publish","type":"post","link":"https:\/\/www.wanhow.com\/projectmanagercoach\/key-success-factor-for-benefits-realization\/","title":{"rendered":"Key Success Factor for Benefits Realization"},"content":{"rendered":"\n
\"What's<\/figure>\n\n\n\n

Back in 1992, Robert Kaplan and David Norton introduced the concept of a Balanced Scorecard to manage a company. This is instead of using one sole measure to manage a company: the bottom line. It is wise to use the same approach when introducing Benefits Realization to project management. Revenue or profit cannot be the sole benefit.<\/p>\n\n\n\n

The other perspectives of a balanced approach to identifying benefits are:
\u2022 Customers\u2019 view of our business, products and services
\u2022 Internal business operations and processes
\u2022 Innovation and learning to boost intangible assets (i.e. knowledge and skills of employees)<\/p>\n\n\n\n

Balancing categories of benefits is a start but the key learning from Kaplan\u2019s research is that failures occurred when this concept was introduced by functional managers with the acquiescence but not the leadership and commitment of the CEO. Strategic planning and execution needs to be driven from the top down. He also makes the challenging claim that, \u201cit is also sufficient\u201d for successful strategy delivery. <\/p>\n","protected":false},"excerpt":{"rendered":"

Back in 1992, Robert Kaplan and David Norton introduced the concept of a Balanced Scorecard to manage a company. This is instead of using one sole measure to manage a company: the bottom line. It is wise to use the same approach when introducing Benefits Realization to project management. Revenue or profit cannot be the … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yoast_head":"\nKey Success Factor for Benefits Realization | Project Manager Coach<\/title>\n<meta name=\"description\" content=\"Failures occur when benefits realization was introduced by functional managers with the acquiescence but not the leadership of the CEO.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wanhow.com\/projectmanagercoach\/key-success-factor-for-benefits-realization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key Success Factor for Benefits Realization\" \/>\n<meta property=\"og:description\" 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