Identifying and managing the factors needed to implement Benefits Realization Management frameworks in publicly funded innovation projects in South African context
| dc.contributor.advisor | Massyn, Mark | |
| dc.contributor.author | Netshiswinzhe, Mashudu Keith | |
| dc.date.accessioned | 2022-08-30T11:23:47Z | |
| dc.date.available | 2022-08-30T11:23:47Z | |
| dc.date.issued | 2022 | |
| dc.date.updated | 2022-08-30T11:22:41Z | |
| dc.description.abstract | Innovation projects seeks to bring fourth new technology products or services to the marketplace (community) to respond to broader socio-economic challenges. Innovation projects have elements of complexity and uncertainty which often fails to meet stakeholder expectations. This requires the need to determine requirements which need to be considered while dealing with publicly funded innovation projects so as to ensure project benefits are realised. The objective of the study is to identify factors needed to implement Benefit Realisation Management (BRM) frameworks in managing publicly funded innovation projects. BRM framework was unpacked in assessing its role on publicly funded innovation in ensuring project benefits achievement. The framework was applied in assessing innovation projects within the Department of Science and Innovation (DSI). A qualitative research methodology was employed as to achieve the project objectives of the study. An in-depth approach was used through face to face interviews in collecting primary data from study respondents within the DSI. The study participants entailed project managers on two government level of authority, namely middle and senior management. The study output revealed the critical role of a BRM framework in achieving project benefits and meeting stakeholder's expectations. To ensure that project benefits are realised, factors such as project governance, return on investment, project success and value creation need to be taken into account. Furthermore, a relationship between BRM and business strategy need to co-exist for project benefits realisation. The BRM framework is essential and should play a central role in every project implemented. The framework quantifies the need for project stakeholders to embrace the modern approach of assessing projects without limiting it on the constraints of time, cost and quality also known as the iron triangle. Project should be assessed based on the impact and benefit derived and the BRM framework is a critical tool to effect it. | |
| dc.identifier.apacitation | Netshiswinzhe, M. K. (2022). <i>Identifying and managing the factors needed to implement Benefits Realization Management frameworks in publicly funded innovation projects in South African context</i>. (). ,Faculty of Engineering and the Built Environment ,Department of Construction Economics and Management. Retrieved from http://hdl.handle.net/11427/36786 | en_ZA |
| dc.identifier.chicagocitation | Netshiswinzhe, Mashudu Keith. <i>"Identifying and managing the factors needed to implement Benefits Realization Management frameworks in publicly funded innovation projects in South African context."</i> ., ,Faculty of Engineering and the Built Environment ,Department of Construction Economics and Management, 2022. http://hdl.handle.net/11427/36786 | en_ZA |
| dc.identifier.citation | Netshiswinzhe, M.K. 2022. Identifying and managing the factors needed to implement Benefits Realization Management frameworks in publicly funded innovation projects in South African context. . ,Faculty of Engineering and the Built Environment ,Department of Construction Economics and Management. http://hdl.handle.net/11427/36786 | en_ZA |
| dc.identifier.ris | TY - Master Thesis AU - Netshiswinzhe, Mashudu Keith AB - Innovation projects seeks to bring fourth new technology products or services to the marketplace (community) to respond to broader socio-economic challenges. Innovation projects have elements of complexity and uncertainty which often fails to meet stakeholder expectations. This requires the need to determine requirements which need to be considered while dealing with publicly funded innovation projects so as to ensure project benefits are realised. The objective of the study is to identify factors needed to implement Benefit Realisation Management (BRM) frameworks in managing publicly funded innovation projects. BRM framework was unpacked in assessing its role on publicly funded innovation in ensuring project benefits achievement. The framework was applied in assessing innovation projects within the Department of Science and Innovation (DSI). A qualitative research methodology was employed as to achieve the project objectives of the study. An in-depth approach was used through face to face interviews in collecting primary data from study respondents within the DSI. The study participants entailed project managers on two government level of authority, namely middle and senior management. The study output revealed the critical role of a BRM framework in achieving project benefits and meeting stakeholder's expectations. To ensure that project benefits are realised, factors such as project governance, return on investment, project success and value creation need to be taken into account. Furthermore, a relationship between BRM and business strategy need to co-exist for project benefits realisation. The BRM framework is essential and should play a central role in every project implemented. The framework quantifies the need for project stakeholders to embrace the modern approach of assessing projects without limiting it on the constraints of time, cost and quality also known as the iron triangle. Project should be assessed based on the impact and benefit derived and the BRM framework is a critical tool to effect it. DA - 2022_ DB - OpenUCT DP - University of Cape Town KW - Project Management LK - https://open.uct.ac.za PY - 2022 T1 - Identifying and managing the factors needed to implement Benefits Realization Management frameworks in publicly funded innovation projects in South African context TI - Identifying and managing the factors needed to implement Benefits Realization Management frameworks in publicly funded innovation projects in South African context UR - http://hdl.handle.net/11427/36786 ER - | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/11427/36786 | |
| dc.identifier.vancouvercitation | Netshiswinzhe MK. Identifying and managing the factors needed to implement Benefits Realization Management frameworks in publicly funded innovation projects in South African context. []. ,Faculty of Engineering and the Built Environment ,Department of Construction Economics and Management, 2022 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/36786 | en_ZA |
| dc.language.rfc3066 | eng | |
| dc.publisher.department | Department of Construction Economics and Management | |
| dc.publisher.faculty | Faculty of Engineering and the Built Environment | |
| dc.subject | Project Management | |
| dc.title | Identifying and managing the factors needed to implement Benefits Realization Management frameworks in publicly funded innovation projects in South African context | |
| dc.type | Master Thesis | |
| dc.type.qualificationlevel | Masters | |
| dc.type.qualificationlevel | MSc |