Presentation exercise on Benefits Management on 13 February 2017.

1. The Benefits of Benefits
Management
A short exercise

2. Start with the End in Mind
Why did Wellington
fight at Waterloo?
It’s not only what you do, it’s also why you choose to do it
B) Use up the old gunpowder
before its sell-by date
A) Defeat Napoleon convincingly
and remove France as a threat to
European peace
C) A failed insurance scam to
get a new horse
Answer: A (if you didn’t pick A you are not taking this seriously)

3. The measurable improvement resulting from an
outcome perceived as an advantage by one or
more stakeholders, which contributes towards one
or more organisational objective(s).
APMG Managing Benefits 2012
The simple definition:
A benefit is a result that a stakeholder perceives to be
of value
What is it all for?
What is a benefit?

4. The Benefits Dependency Network
MEANS WAYS ENDS

5. • These are the areas
to consider.
• What people,
processes and
technology are in
use?
• Who are the
stakeholders who
get benefit?
• What does the
organisation want to
achieve?
• What business
environment is it in?

6. The
Enterprise

8. Benefits Management in Portfolio Management
•The project’s aim is to embed BM into The
Enterprise’s portfolio
•Your task is to define the Objectives and Benefits
half of a Benefits Dependency Network
•You have 15 minutes

10. Benefits Management in Portfolio Management
•Having determined the Objectives
and Benefits, now complete other
half of the Benefits Dependency
Network and make the links from
Enabler through to Objective
•You have 15 minutes

12. Observations
• Lack of radical change
• SMART implies small - strategic objectives get de-scoped
• BM to validate / justify existing plans
• Inappropriate benefits
• BDN helps rationalisation
• The amount of activity required to deliver each benefit
• The validity of projects mapped to strategic objectives
• Re-defined objectives
• Iteration works

13. Discussion