Master the PRINCE2 Business Case Theme In 27 Minutes Flat!

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Learn all you need to master the PRINCE2 Business Case Theme. Master the secrets of benefits and benefit realisation.
learn the PRINCE2 Business Case headings, the PRINCE2 Business Case Theme and prepare for your PRINCE2 Practitioner Exam Business Case
Benefits realisation management (BRM) (also benefits management, benefits realisation or "Project Benefits Management) is one of the many ways of managing how time and resources are invested into making desirable changes.
Benefits Realisation Management has four main definitions . The first definition is to consider Benefits Management as an organisational change process. It is defined as "the process of organizing and managing, such that the potential benefits arising from the use of IT are actually realized".[1] The second definition perceives it as a process. Benefits Management is defined by the Association for Project Management (APM) as the identification, definition, planning, tracking and realisation of business benefits.[2] The third definition is to apply this concept on project management level. Project Benefits Management is defined as "the initiating, planning, organising, executing, controlling, transitioning and supporting of change in the organisation and its consequences as incurred by project management mechanisms to realise predefined project benefits”.[3] Finally, the last definition perceives Benefits Realisation Management (BRM) as a set of processes structured to close the gap between strategy planning and execution by ensuring the implementation of the most valuable initiatives.

[@racheln3396]

This is really helpful - thank you!

[@king0vdarkness]

25:55 Note: Project Assurance *do not* assist in the creation of the Business case. This is what the manual says regarding their responsibility:
'Verify and monitor the business case against external events and project progress.
Ensure the project fits with the overall corporate, programme management or customer strategies.
Monitor project finance on behalf of corporate, programme management or the customer.
Ensure the value-for-money solution is constantly reassessed.
Monitor changes to the project plan to identify any impact on the needs of the business or the business case.
Review the impact assessment of potential changes on the business case and project plan.
Verify and monitor the benefits management approach for alignment with corporate, programme management or the customer.'

[@yusufabdirahmanahmed3838]

Thank u very much. Its helpful, if I am not wrong I heard your voice in ILX resources. 👍

[@ayodeleonakoya3143]

Thank you very much for simplifying this topic.

[@phanuelchiwanza4816]

GOOD ONE DAVIE

[@jyotikumarisystemsengineer3052]

Thanks.. This was really helpful and covered all the content of Business Case theme.

[@Abdullah-sq4ol]

thanks a lot for the helpful information p2 themes business case

[@mursalardale4271]

Thank you this is a very insightful session

[@king0vdarkness]

the benefits review plan is now called the benefits management approach

[@s14vko]

I always thought outcome is defined as a positive or negative and output is result of the product.

[@gordonstewart8812]

100% Guarantee of refund advertised. However, refund was requested three weeks ago and following the logging of five tickets has still not been received.

[@king0vdarkness]

unlucky dude, did you get your refund? Also, why did you request a refund? I was considering buying his course for future PM courses.