PM Essence
DidYouKnow
Q. What does a method, which enhances normal project management techniques through a focus on outcomes (the benefits) of a project rather than products or outputs, is called? 
 
A. This method is called Benefits realization management (BRM) enhances normal project management techniques through a focus on outcomes (the benefits) of a project rather than products or outputs, and then measuring the degree to which that is happening to keep a project on track. This can help to reduce the risk of a completed project being a failure by delivering agreed upon requirements/outputs but failing to deliver the benefits of those requirements.
 
An example of delivering a project to requirements might be agreeing to deliver a computer system that will process staff data and manage payroll, holiday and staff personnel records. Under BRM the agreement might be to achieve a specified reduction in staff hours required to process and maintain staff data.

[Source - Internet]

We like to hear what you think!!

Please complete the sentence below with your thoughts in 10-15 words and send them to. The best entry will win attractive goodies from PMI Bangalore India Chapter.

"It's said that Project Manager spends 90% of his/her time in communication because"............

Please provide your response by 28th July 2014

Chapter will select the best slogan and felicitate the winner during a Chapter event.


List of past winners:

 

Abhishek Roy

Deepak Barua, PMP

Namita Gupta, PMP, PMI-ACP

Pradeep Chankarachan

Rucha Mahale, PMP

Shikha Vaidh, PMP, PMI-ACP

Srinath Devarshetty, PMP

Vedamurthy M, PMP

Vimal Prasad R, PMP

Vivek Saurabh, PMP


Please contact Chapter for your prize, in case you have not received it already.

 

Please note that you do not need to be a PMI or Chapter member to contribute articles for Essence and participate in monthly slogan competition. All are welcome.


The Lighter Side of PM
humourdec2013