Benefits realization management - how to do it right - Realisor and Trevor Howes from Project...

Benefits Management - Making it Work

TREVOR HOWES

© BRM Fusion Limited 2013

Trevor Howes


Detail Books, Help and Tools

Share what matters most

+ Takeaways


Benefit expected

Quality standards to meet

Scope of what they needed to do

Budget available

Time available

Process

Organisation

Systems & Tools

People


on what benefit you want – what you value

plans and resources will be enough to get them

to remain on course

• Be clear

• Be certain

• Be in control


Process

Organisation

Systems & Tools

People

Benefit expected

Quality standards to meet

Scope of what they needed to do

Budget available

Time available


on what benefit you want – what you value

plans and resources will be enough to get them

to remain on course

• Be clear

• Be certain

• Be in control


Moorhouse Consulting

Daniel Kahneman

John Kotter

Cranfield University


1. Reassure quality of proposal recommendations – a visual model showing cause-and-effect assumptions and logic

2. Manage the realisation of business benefits over time – a model that supports delivering required level of benefit to timings needed

3. Decrease risk to delivery deadlines – understand dependencies, risks and assumptions etc.

4. Manage scope and save budget – represent the scope of the programme to enable informed change decisions

to be made and stay aligned to strategic objectives

5. Increase the quality of solutions and activities – see what capability, change and investment is needed to realise benefit with

minimum waste

Justifying Benefits Realisation


Plan

Review

Realize

Value & Appraise

Identify & Quantify

Use a

standard cycle

With reference to:

the Managing Benefits guide

from APMG-International™

by Steve Jenner


Identify & Quantify


10,000 hours Expert Wonderful things

Cause Effect


Create a Map

png


Wording Outcomes/ Benefits

Maintained Created

Eliminated Reduced

Decreased Increased

Increased Maintained

Created Eliminated


Focus on things important and knowable

Think like Warren Buffett


Create a Map


Using general information from a PwC report: Insights and Trends: Current Portfolio, Programme, and Project Management Practices

The third global survey on the current state of project management 2013


Plan

Review

Realize

Identify & Quantify

Value & Appraise


Pictures & Text

Benefits

Cost & Resources

Value & Appraise


Benefits Cost & Resources


Use contribution line weightings


Calculate contribution scores


Review

Realize

Identify & Quantify

Value & Appraise

Plan


Plan


Plan

Review

Realize

Identify & Quantify

Value & Appraise


Tools


You don’t need a car to survive

…but it does make a difference to:

Scope of what you can do and handle

Quality of results and experience

Time taken

Benefits delivered

Risk of failure

Benefits Realisation software can also help with Cost savings and Cost management

Tools


Process

Organisation

Systems & Tools

People

Benefit expected? Quality standards to meet? Scope of what they needed to do? Budget available? Time available?


1. Reassure quality of proposal recommendations

2. Manage the realisation of business benefits over time

3. Decrease risk to delivery deadlines

4. Manage scope and save budget

5. Increase the quality of solutions and activities

Use for more than Portfolio, Programme, Projects, PMO, including:

Sales, Bids, Strategy, IT and Change Roadmaps, Requirements analysis, Stakeholder management, Delivery Assurance, Business change, Commercial and Procurement, Product and Service Design

Justifying Benefits Realisation


More free-takeaways

1. OutcomeJogger™ Identify wonderful things

2. Map on Stand PwC Survey 2013

3. Slides Register on stand

4. Software Realisor.com

5. Your decisions help yourself get greater success

Start down your own path – 10,000 hour people to help you

Good luck on your journey to wonderful things

Benefits Management - Making it Work®

TREVOR HOWES

Benefits realization management - how to do it right - Realisor and Trevor Howes from Project...

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