Influence of Benefits Realization Practices on Organizational Projects Success in UAE
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Date
2018-11
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The British University in Dubai (BUiD)
Abstract
Benefits Management field was first introduced in the late 20th Century to emerge as one of the most growing fields of interest in research and practice. The concept of Benefits Realization Management has become an integral part of project, program and portfolio management. The rationale of the concept is to align an organization strategy with its operations and projects execution. The role of Benefits Realization Management practices in projects life cycle varies from pre-initiation to post-execution; however, ultimately BRM practices are concerned with harvesting the benefits sought from organizational projects. Projects are created by organizations to achieve a strategy or set of strategic objectives, achieve the organization vision and deliver the benefits anticipated by costumers and stakeholders. Therefore, the ability of a project to create value for the organization is considered an attribute of success. Projects are tools to create value and BRM practices are a supporting management device to value creation.
This study was dedicated to examine the association between BRM practices and organizational project success mainly in United Arab Emirates. A survey was conducted in UAE collecting data form 72 respondents to reflect their perception of BRM practices and organizational project success and to test the research hypotheses by the use of regression analysis and One Way ANOVA tools found in the Statistical Package for the Social Sciences (SPSS) software. The literature review determined a gap in this field of knowledge inside UAE and the contribution of this paper is to narrow this gap and recommend further studies in this field of management. This research emphasized on the different aspects of organizational project success criteria and benefits realization practices. The research model contained one independent variable, which is benefits management practices, of 6 factors and 13 dimensions and one dependent variable, which is organizational projects success, of 2 factors and 7 dimensions. The findings of this paper demonstrated that BRM practices have significant positive impact on organizational project success. Therefore, BRM practices do support organizations to achieve their strategic objectives and enhance their value.
The study concluded with research limitations and recommendations on further studies such as Benefits Realization Management contribution to organization governance success, critical success factors of BRM etc. The theoretical and practical implications of the research were also discussed in the conclusion.
Key words: Benefits Management, Benefits Realization Management, Benefits Realization Practices, Project Success, value creation
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Keywords
benefits realization management, organizational project success, benefits management, United Arab Emirates (UAE), portfolio management, organizational projects, benefits realization practices, value creation