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Many companies find it challenging to bridge the gap between the Business Case and the Realization of Benefits. A recent survey indicates that over 70% of organizations worldwide have suffered at least one project failure in the past 12 months. While companies that made decisions after adopting the business case as a transparent and evidence-based mechanism managed to reduce the number of unsuccessful strategic initiatives and projects by 30%, resulting in a remarkable improvement in productivity, attracting and retaining talented employees, and improving customer satisfaction.
In this episode of “IN Practice Podcast”, we will understand how to bridge the gap between the business case and the realization of benefits, how business cases are developed, and why benefits realization is an important mechanism to help organizations get the expected return on investment.
ABOUT IN PRACTICE
“IN Practice” is a podcast that combines practical management concepts, best practices, and advice from the business world to help you become better at analyzing issues, seizing opportunities, mastering decision-making and delivering change. Every episode is filled with advice you can practice in your workplace.
The host, Loay Dirar, educates, writes, and advises on strategy development and implementation, as well as change management and risk management for major regional organizations in the Middle East and North Africa. He has 20 years of management experience, including ten years as a manager in multinational subsidiaries of organizations based in the Middle East and North Africa (MENA).