Project Benefit Realisation and Project Management The 6Q Governance Approach

Project managementsuccess doesnot automatically lead to project success.Manylarge projects fail to live up to expectations,withbetween halfandtwo-thirds oflargeprojects either failing to deliver or delivering fewstrategicbenefits. Traditional projectmanagement resourcesfocus on deliveringa project on time and on budget, yet theyfail tosupplytop managers, many of whom find themselves in the role of accidental projectsponsors,withguidance on how togoverntheir projects to succeed.
Project Benefit Realisation and Project Management: The 6Q Governance Approachbridges thestrategy to performance gapbyprovidingboards, senior managersandproject sponsorswiththesix criticalquestionsnecessaryto diagnose the health of anyproject.Presenting a systematic frameworkdeveloped fromresearchcases of successful and unsuccessful projects invarious types oforganisations, thispracticalguideenables those in top managementtodetermine iftheir strategyorpolicy is on trackandto assesswhether a project is likely to deliver the expected benefits. The textfeaturesreal-worldexamplesillustratinghow concepts can be applied todifferenttypes of projectsinengineering,construction, informationtechnology,business transformationandmany others. This must-have guideis designed to helptop managers and other stakeholders:

• Clarify the link between business outcomes, benefits, and strategy to evaluate where effort should be directed
  
• Assess how much behavioural change is required to effectively implement strategy and realise desired benefits
  
• Select a project sponsor committed to influencing key stakeholders to make necessary changes and intercede to resolve issues as they arise
  
• Establish how success will be measured before a project begins,to gauge sponsor commitment and ensure project goals are not changed to match whatever is achieved
  
• Ask if the right culture is in place to ensure all relevant information is being reported
  
• Determine teams' ability to adapt and change plans in response to issues arising in the project
  
• Monitor if the project is on track to realising the benefits and have a process in place to cancel failing projects
  

Project Benefit Realisation and Project Management: The 6Q Governance Approachis an indispensablevolumeforboard members,project sponsors,project advisorsand thosein senior positions who find themselves in the role of accidentalprojectsponsors.

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