Benefit Realization, Accountability and Governance
To realize cash benefits, action must occur. With each action, there should be a plan that will document the steps needed for value realization. This will include the activities involved, the responsible individuals, comparing actual value realization to projected, and managing the inevitable variances that will exist.
As mentioned in Chapter 1, arguably, the most important step with improvement projects and realizing cash benefits is execution. Without execution, activities necessary to realize the benefits will not happen. With poor execution comes the potential for poor results. This chapter focuses on how to execute to ensure benefits will be realized to the greatest extent possible. ...
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