A Simple Example of Benefits Realisation Management:
The Electric Vehicle (EV) Charging Initiative
Every organisation undertakes projects and initiatives with the goal of delivering value—whether that’s increasing sales, improving efficiency, enhancing employee well-being, reducing costs, or driving sustainability. But how do you ensure these efforts are actually making a difference? And how do you track their impact over time?
This is where Benefits Realisation Management (BRM) comes in. BRM provides a structured way to connect initiatives with benefits, link them to strategic goals, and track their success through measures. By doing this, organisations can ensure that every action contributes to meaningful outcomes and that the value of their investments is clear.
To illustrate how BRM works in practice, let’s take a simple example: installing electric vehicle (EV) charging stations at office locations. This initiative brings financial, environmental, and employee well-being benefits—all of which support broader organisational goals.
The following example breaks down how this initiative leads to measurable success. 🚀
1. Initiative (What you’re doing)
"Install electric vehicle (EV) charging stations at office locations."
2. Benefits (What you get as a result of doing it)
💰 Financial Benefit:
Reduced fuel costs as employees switch to EVs.
Potential revenue generation from public charging fees.
🌍 Non-Financial Benefit:
Lower carbon emissions by encouraging EV use.
Improved air quality due to reduced vehicle emissions, leading to better employee health.
3. Strategic Goals (Why this matters to the organisation)
✅ Sustainability Goal: "Reduce the organisation’s carbon footprint by 30% by 2030."
✅ Employee Health Goal: "Improve workplace and community air quality to support employee respiratory health."
✅ Financial Efficiency Goal: "Lower operational costs through energy-efficient initiatives."
4. Measures (How success is tracked)
📊 Financial Measure:
Annual fuel cost savings from reduced petrol/diesel reimbursements.
Revenue from public use of EV chargers.
📊 Non-Financial Measure:
CO2 reduction in metric tons from increased EV adoption.
Air quality index improvement in and around office locations.
Reduction in employee-reported respiratory issues in workplace health surveys.
Turning every project into measurable success
Benefits Realisation Management (BRM) provides a structured approach to ensuring that organisational initiatives deliver real, measurable value.
Initiatives are the actions taken.
Benefits capture both the tangible and intangible value they create.
Strategic Goals ensure alignment with the organisation’s broader objectives.
Measures track progress and prove that value is being realised over time.
For example, installing electric vehicle charging stations leads to financial savings, environmental improvements, and enhanced employee well-being. By tracking key measures such as commuting patterns, air quality, and employee satisfaction, organisations can ensure their investments drive real-world impact and long-term success.
This approach applies to any project, helping managers see how their work contributes to strategic goals—and with Wovex, tracking and managing benefits has never been easier. 🚀