We measure performance improvements by business outcomes and benefits, not just project outputs. It’s essential to clearly define business benefits and monitor them. The Performance Improvement through Benefits Management Methodology ensures that realising benefits becomes an integral and permanent part of organisational activities.
Cost – decreasing process costs
Quality – improving customer service levels
Time – decreasing time cycles
Benefits – quantifying, costing, assigning, monitoring, measuring and realising the planned benefits from business process changes, and then implementing improvement tasks for continuously refining and measuring the process
Ownership – defining responsibilities for all aspects of daily operation, execution, performance and quality
Risks – reducing risk by incorporating the right controls
Generally, there is a less than nine months to make sure that a project’s benefits are captured and integrated as part of an organisation's daily activities. You can maximise this timeframe by:
Vilaiporn Taweelappontong
Asia Pacific Financial Services Consulting Leader and Consulting Lead Partner, PwC Thailand
Tel: +66 (0) 2844 1000