Global Advanced Research Journal of Management and Business Studies (ISSN: 2315-5086) ISSN: 2315-5159
January 2023, Vol. 12(1), pp. 001-017
Copyright © 2023 Global Advanced Research Journals

Full Length Research Paper

An integrated study on the relationship between Benefits Realization Management (BRM) and the National Transformation Program (NTP) in the light of Saudi Arabia Vision 2030

Waleed Akhtar M Sultan

Saudi Arabia, Riyadh, MOMRAH

E-mail: Wsultan2030@gmail.com

Accepted 11 January, 2023 

Abstract

The Kingdom's Vision 2030 program entered its next phase in 2021 with the National Transformation Program, which included 7 themes and 34 strategic objectives. This research examines the benefits realization management and national transformation programs in Saudi Arabia in the context of the Vision 2030 strategy. The research problem was to investigate how BRM is being realized in the implementation phase of the National Transformation Program (NTP) in order to identify challenges and opportunities associated with its implementation. There is a lack of studies linked between Benefits Realization Management (BRM) and the National Transformation Programs (NTP) in light of Saudi Arabia's Vision. In addition, most of the literature available on the subject of BRM is centred on corporate environments such as IT or development projects in manufacturing or telecom sectors. To reach the desired Benefits Realization Management (BRM), precise, unambiguous objectives must be established, and precise performance indicators to monitor the outcomes and measure the benefits. The National Transformation Program has precise objectives and key performance indicators for each of its seven themes. The researcher evaluates pertinent reports and studies to observe the benefits that have been achieved. The results of the seven themes developed by NTP indicate substantial realized benefits through applying big numbers of initiatives during 2023. The NTP achieved many benefits through the actual implementation of numerous initiatives during the period 2021 to 2025. Indeed, until January 2023, it has gained considerable achievements in the seven themes identified in the National Transformation Program and has introduced several initiatives that will be implemented in the coming period. This integrated approach is expected to lead to better outcomes and enhanced efficiency, especially where programs are coordinated across departments and agencies. The BRM process will continue to help the authorities implement the National Transformation Program effectively.

Keywords: (BRM) Benefits realization management - (NTP) National Transformation Program - (KPIs) Key Performance Indicators. (NAGIZ) judicial services platform- (ETHRAI) Training platform- (WAQFY) donations platform- (QURRAH) childcare services platform - (MOWAAMAH) Programs provide appropriate working conditions for individuals with disabilities

 

References

Alasiri AA, Mohammed V (2022). Healthcare Transformation in Saudi Arabia: An Overview Since the Launch of Vision 2030. Health Services Insights, 15, 11786329221121214. https://doi.org/10.1177/11786329221121214

Annual-ntp-report-2021-en.pdf. (n.d.). Retrieved January 7, 2023, from https://www.vision2030.gov.sa/media/evlhxmep/annual-ntp-report-2021-en.pdf

Arabia BFA, Country CEO at First Abu Dhabi Bank (FAB)-Saudi. (2022, December 2). KSA and UAE is a partnership of possibilities. Saudigazette. http://saudigazette.com.sa/article/627562/BUSINESS/KSA-and-UAE-is-a-partnership-of-possibilities

ArgaamPlus. (n.d.). Foreign investments in Saudi Arabia up 16% to SAR 2.256 trln in Q2 2021. ArgaamPlus. Retrieved January 8, 2023, from https://www.argaam.com/en/article/articledetail/id/1502630

Benefits Realization and Benefits Management. (n.d.). Techno PM - Project Management Templates Download. Retrieved January 7, 2023, from https://shop.techno-pm.com/blogs/news/benefits-realization-management

Benefits-realization-management-framework.pdf. (n.d.). Retrieved January 7, 2023, from https://www.pmi.org/-/media/pmi/documents/public/pdf/learning/thought-leadership/benefits-realization-management-framework.pdf

Ebrahim N (2023). Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions. CNN. https://www.cnn.com/2023/01/06/football/ronaldo-saudi-soccer-sport-mime-intl/index.html

El-Katiri, L (2016). Saudi Arabia’s Labor Market Challenge. Harvard Business Review. https://hbr.org/2016/07/saudi-arabias-labor-market-challenge

Empowering nonprofit sector aims to raise GDP: al-Ghafis says | Ministry of Human Resource and Social Development. (n.d.). Retrieved January 8, 2023, from https://hrsd.gov.sa/en/news/empowering-nonprofit-sector-aims-raise-gdp-al-ghafis-says

Environmental Protection in the Kingdom of Saudi Arabia. (n.d.). Retrieved January 7, 2023, from https://www.my.gov.sa/wps/portal/snp/aboutksa/environmentalProtection/!ut/p/z0/04_Sj9CPykssy0xPLMnMz0vMAfIjo8zivQIsTAwdDQz9LSw8XQ0CnT0s3JxDfA0M_A30g1Pz9AuyHRUBPXGyKQ!!/

Financing Productive Families. (n.d.). Retrieved January 8, 2023, from https://www.my.gov.sa/wps/portal/snp/servicesDirectory/servicedetails/12242/!ut//z0/04_Sj9CPykssy0xPLMnMz0vMAfIjo8zivQIsTAwdDQz9LQwNzQwCnS0tXPwMvYwN3A30g1Pz9L30o_ArAppiVOTr7JuuH1WQWJKhm5mXlq8fYWhkZGKkX5DtHg4Aa3Ntxw!!/

Gouider A (2018). Mechanical functioning of the Saudi economy in the context of the national transformation plan and its impacts on macroeconomic variables in Saudi Arabia. Int. J. Econ. Bus. Res. 16 (3): 2018. https://www.academia.edu/3967240/Mechanical_functioning_of_the_Saudi_economy_in_the_context_of_the_national_transformation_plan_and_its_impacts_on_macroeconomic_variables_in_Saudi_Arabia

Green Riyadh. (n.d.). Vision 2030. Retrieved January 9, 2023, from https://www.vision2030.gov.sa/v2030/v2030-projects/green-riyadh/

Initiatives and services introduced by Saudi Arabian government authorities to support businesses during the emerging COVID-19 pandemic. (n.d.). Ministry of Investment. Retrieved January 8, 2023, from https://misa.gov.sa/en/node-4324/

Khorsheed M (2015). Saudi Arabia: From Oil Kingdom to Knowledge-Based Economy. Middle East Policy, 22. https://doi.org/10.1111/mepo.12149

Labor, Employment and Human Resource Development in the Kingdom of Saudi Arabia. (n.d.). Retrieved January 8, 2023, from https://www.my.gov.sa/wps/portal/snp/aboutksa/employment/!ut/p/z0/04_Sj9CPykssy0xPLMnMz0vMAfIjo8zivQIsTAwdDQz9LSw8XQ0CnT0s3JxDfA0M3A30g1Pz9AuyHRUBeJBxkw!!/

Large-scale digital initiatives transforming Saudi Arabia’s economy. (2022, October 5). Oxford Business Group. https://oxfordbusinessgroup.com/overview/new-possibilities-large-scale-digital-economy-initiatives-robust-infrastructure-and-prudent

Leadership Message. (n.d.). Vision 2030. Retrieved January 8, 2023, from https://www.vision2030.gov.sa/v2030/leadership-message/

Matic NM, Banderi HRH, AlFaisal AR (2012). Empowering the Saudi Social Development Sector. The Fletcher Forum of World Affairs. 36(2): 11–18.

Mitchell B, Alfuraih A (2018). The Kingdom of Saudi Arabia: Achieving the Aspirations of the National Transformation Program 2020 and Saudi Vision 2030 Through Education. Journal of Education and Development, 2(3), Article 3. https://doi.org/10.20849/jed.v2i3.526

National Transformation Program. (n.d.). Vision 2030. Retrieved January 7, 2023, from https://www.vision2030.gov.sa/v2030/vrps/ntp/

Pethybridge E (2021). Ecotourism: Is Saudi Arabia the Next Sustainable Tourism Destination? Earth.Org. https://earth.org/saudi-arabia-the-next-sustainable-tourism-destination/

Rivera SGT, Johannes Koettl, Nayib (2021). The spectacular surge of the Saudi female labor force. Brookings. https://www.brookings.edu/blog/future-development/2021/04/21/the-spectacular-surge-of-the-saudi-female-labor-force/

Saudi Arabia’s digital government stays ahead of the curve. (n.d.). Deloitte Insights. Retrieved January 8, 2023, from https://www2.deloitte.com/xe/en/insights/focus/tech-trends/2023/saudi-arabia-government-digital-transformation-and-innovation.html

Saudi Arabia’s Rapid Infrastructure Development. (n.d.). Grant Thornton Saudi Arabia. Home. Retrieved January 8, 2023, from https://www.grantthornton.sa/insights/articles-and-publications/KSA_infrastructure_development/

Saudi bets big on AI developing local capabilities to disrupt economy. (2022, April 19). Arab News. https://arab.news/552xd

Saudi Crown Prince’s $500bn Neom high-tech hub project seeks international interest. (2022, March 7). Arab News. https://arab.news/5xjum

Saudi Exports Initiativess. (n.d.). Retrieved January 8, 2023, from https://www.saudiexports.gov.sa/en/about/Pages/Saudi-Exports-Initiativess.aspx

SWCC achieves a new Guinness World Record for the lowest water desal energy consumption. (2021, April 6). Saudigazette. http://saudigazette.com.sa/article/605262/BUSINESS/SWCC-achieves-a-new-Guinness-World-Record-for-the-lowest-water-desal-energy-consumption

Total number of donations to Ehsan crosses 2.9 billion. (2023, January 5). Saudigazette. http://www.saudigazette.com.sa/article/628644

Towards Saudi Sustainable Tourism. (n.d.). Retrieved January 8, 2023, from https://eng.majalla.com/node/273586/culturetowards-saudi-sustainable-tourism

Ways Saudi Arabia is looking to save water (2019). Arab News. https://www.arabnews.com/node/1435621/saudi-arabia

Zalando PMO Blog—Understanding Benefits Realization and Why It Matters. (2022, February 15). Zalando PMO Blog. https://pmo.zalando.com/posts/2022/02/../../../posts/2022/02/understanding-benefits-realization-and-why-it-matters.html

Download Full Text - PDF