What is Project Management
Project management is the process of planning, organizing, and overseeing a project from start to finish to achieve specific goals within defined constraints such as time, budget, and resources. It involves coordinating a team to ensure that the project meets its objectives and is completed successfully.
What is Benefits Realisation?
It is the definition, planning and realisation of the benefits of a business change or business improvement project.
It is without doubt the most valuable thing you can do when involved in any kind of change, or significant investment that includes a project or change.
Studies show that over 70% of business improvement projects fail to deliver their expected benefits and even when they are achieved in part, often they are far from fully realised.
Despite vast sums being spent on projects, many organisations don’t do most of what follows, and vast numbers of projects deliver little if any real benefit.
Why is Benefits Realisation Important?
Projects are often considered finished when their deliverables are complete. However, the benefits of a project are typically realised after project completion. This often leaves no one responsible during the realisation phase and often no structure through which to manage this key phase. For benefits realisation to work it is crucial to identify clear benefits (early in the change life-cycle) and to assign ownership to those responsible for planning and managing their achievement.
What is Data Analysis
Data analysis is the process of systematically collecting, cleaning, and interpreting data to extract useful information and insights that can inform decision-making. It involves applying statistical techniques to identify patterns, relationships, and trends within the data.