In the Business Change Lifecycle, what is meant by 'realisation'?

'Realisation' in the context of the Business Change Lifecycle refers to the phase where the organization assesses and confirms that the anticipated benefits from a project or initiative are actually being achieved. This involves looking back at the business case, which outlines the expected benefits and objectives, and evaluating whether those outcomes have materialized as planned. The purpose is to ensure that the investments made in a project are indeed producing the desired effects and sustaining value over time.

This phase is critical because it not only validates the effectiveness of the changes introduced but also helps in making informed decisions about future initiatives, resource allocation, and potential adjustments needed to maximize benefit realization. By focusing on this aspect, organizations can ensure accountability and continually improve their processes based on what has been learned from previous endeavors.