Members' Social Meet-up - Topic: "Benefits Realisation: It's harder than you think!"

Benefits realisation is harder than most people think.  The process of measuring and evaluating the actual outcomes and value derived from a project, is difficult and often done poorly. The four key reasons for this are:

1. Lack of clear objectives: If the objectives and goals are not well-defined, it's impossible to measure the actual benefits. Without clear objectives, it's challenging to determine what success looks like and how to measure it.
2. Ambiguity in benefit measurement: Benefits are often difficult to quantify which also makes it impossible to accurately assess them.
3. Lack of proper metrics / poor data collection:  It's necessary to select appropriate and meaningful Key Performance Indicators.  "Don't measure if it don't matter!"
4. Difficulty measuring baselines:  If you don't have a baseline to measure against, how do you evidence improvements?

This workshop will introduce some of the key concepts associated with successful benefits realisation - from identifying the right benefits to include in your business case to measuring benefits so you can prove that your project delivered on it's outcomes.  

Workshop topics include:

• What is a benefit?  More importantly, what is NOT a benefit?
• Why benefits realisation is so difficult.
• How to fully define a benefit.
• Introduction to benefits realisation tools and techniques
• Benefits management, change management and project management; they need to work together!

About the speaker:  Melanie Strachan is Treasurer and Webmaster for the PMI Tasmania Chapter. She has over 30 years experience and is a qualified workplace trainer and assessor.  Melanie has lead PMOs and Enterprise PMOs in Tasmania and on the mainland and has developed Benefits Realisation Frameworks for government organisations.  She has a passion for embedding Benefits Realisation into projects and she has delivered Benefits Realisation training and conducted Benefits Realisation workshops for a wide variety of projects.  She recently developed the Benefits Realisation Strategy for a large whole-of-government program.

This event is open and free to members of PMI Tasmania Chapter.  If you aren't a member of PMI Tasmania but are interested in attending this workshop, feel free to contact us through the Contact Us page on the website.

If this workshop generates sufficient interest, PMI Tasmania will schedule a comprehensive, full-day Benefits Realisation training course in 2024.