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The Contribution of Benefit Management to Improve Organizational Maturity

The Contribution of Benefit Management to Improve Organizational Maturity

Jorge Vareda Gomes, Mário José Batista Romão
Copyright: © 2023 |Pages: 17
ISBN13: 9781799892205|ISBN10: 1799892204|EISBN13: 9781799892212
DOI: 10.4018/978-1-7998-9220-5.ch141
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MLA

Gomes, Jorge Vareda, and Mário José Batista Romão. "The Contribution of Benefit Management to Improve Organizational Maturity." Encyclopedia of Data Science and Machine Learning, edited by John Wang, IGI Global, 2023, pp. 2350-2366. https://doi.org/10.4018/978-1-7998-9220-5.ch141

APA

Gomes, J. V. & Romão, M. J. (2023). The Contribution of Benefit Management to Improve Organizational Maturity. In J. Wang (Ed.), Encyclopedia of Data Science and Machine Learning (pp. 2350-2366). IGI Global. https://doi.org/10.4018/978-1-7998-9220-5.ch141

Chicago

Gomes, Jorge Vareda, and Mário José Batista Romão. "The Contribution of Benefit Management to Improve Organizational Maturity." In Encyclopedia of Data Science and Machine Learning, edited by John Wang, 2350-2366. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-7998-9220-5.ch141

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Abstract

The business challenges that some companies face require enterprise-wide solutions that call for an integrated approach and an effective management of organizational resources to achieve business objectives with an acceptable level of risk. A maturity model is an improvement approach which provides organizations with the essential elements for effective change. The maturity models process helps to integrate traditionally separate organizational functions, enhances goals and priorities, supplies guidance for quality processes, and shares benchmarks for appraising current outcomes. The benefits management approach emerges as a complement to traditional management practices and proposes a continuous mapping of business benefits and the implementation and monitoring of intermediate results. Benefits management reinforces the distinction between project results and business benefits.

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