Benefits realization management - how to do it right - Realisor and Trevor Howes from Project Challenge March 2013

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Benefits realization management is important and hard to do it right.
Understand more about areas of importance and expand your ability to be more successful with benefits realization management.

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Benefits realization management - how to do it right - Realisor and Trevor Howes from Project Challenge March 2013

  1. 1. BenefitsManagement -Making it WorkTREVOR HOWES
  2. 2. Trevor Howes © BRM Fusion Limited 2013 Page 2
  3. 3. Detail  Books, Help and ToolsShare what matters most + Takeaways © BRM Fusion Limited 2013 Page 3
  4. 4. People Process OrganisationBenefit expectedQuality standards to meetScope of what they needed to do SystemsBudget available & ToolsTime available © BRM Fusion Limited 2013 Page 4
  5. 5. • Be clear on what benefit you want – what you value• Be certain plans and resources will be enough to get them• Be in control to remain on course © BRM Fusion Limited 2013 Page 5
  6. 6. People Process OrganisationBenefit expectedQuality standards to meetScope of what they needed to do SystemsBudget available & ToolsTime available © BRM Fusion Limited 2013 Page 6
  7. 7. • Be clear on what benefit you want – what you value• Be certain plans and resources will be enough to get them• Be in control to remain on course © BRM Fusion Limited 2013 Page 7
  8. 8. © BRM Fusion Limited 2013 Page 8
  9. 9. Cranfield University Moorhouse Consulting Daniel KahnemanJohn Kotter © BRM Fusion Limited 2013 Page 9
  10. 10. Justifying Benefits Realisation1. Reassure quality of proposal recommendations – a visual model showing cause-and-effect assumptions and logic2. Manage the realisation of business benefits over time – a model that supports delivering required level of benefit to timings needed3. 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 objectives5. Increase the quality of solutions and activities – see what capability, change and investment is needed to realise benefit with minimum waste © BRM Fusion Limited 2013 Page 10
  11. 11. Justifying Benefits Realisation1. Reassure quality of proposal recommendations – a visual model showing cause-and-effect assumptions and logic2. Manage the realisation of business benefits over time – a model that supports delivering required level of benefit to timings needed3. 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 objectives5. Increase the quality of solutions and activities – see what capability, change and investment is needed to realise benefit with minimum waste © BRM Fusion Limited 2013 Page 11
  12. 12. Use a Identify & standard cycle Quantify Value & Review Appraise Realize PlanWith reference to:the Managing Benefits guidefrom APMG-International™by Steve Jenner © BRM Fusion Limited 2013 Page 12
  13. 13. Identify & Quantify © BRM Fusion Limited 2013 Page 13
  14. 14. Identify & Quantify © BRM Fusion Limited 2013 Page 14
  15. 15. Cause  Effect10,000 hours  Expert  Wonderful things © BRM Fusion Limited 2013
  16. 16. png Create a Map © BRM Fusion Limited 2013 Page 16
  17. 17. Maintained Created Eliminated Reduced Decreased Increased Increased Maintained Created EliminatedWording Outcomes/ Benefits © BRM Fusion Limited 2013 Page 17
  18. 18. Think like Warren BuffettFocus on things important and knowable © BRM Fusion Limited 2013 Page 18
  19. 19. Create a Map© BRM Fusion Limited 2013 Page 19
  20. 20. Using general information from a PwC report:Insights and Trends: Current Portfolio, Programme, and Project Management PracticesThe third global survey on the current state of project management 2013 © BRM Fusion Limited 2013 Page 20
  21. 21. Page 21
  22. 22. Identify & Quantify Value &Review Appraise Realize Plan © BRM Fusion Limited 2013 Page 22
  23. 23. Value & Appraise Cost & Resources BenefitsPictures & Text © BRM Fusion Limited 2013 Page 23
  24. 24. Cost & Resources Benefits © BRM Fusion Limited 2013 Page 24
  25. 25. Use contribution line weightings © BRM Fusion Limited 2013 Page 25
  26. 26. Calculate contribution scores © BRM Fusion Limited 2013 Page 26
  27. 27. Identify & Quantify Value &Review Appraise Realize Plan © BRM Fusion Limited 2013 Page 27
  28. 28. Plan © BRM Fusion Limited 2013
  29. 29. Plan © BRM Fusion Limited 2013
  30. 30. Identify & Quantify Value &Review Appraise Realize Plan © BRM Fusion Limited 2013 Page 30
  31. 31. © BRM Fusion Limited 2013 Page 31
  32. 32. Identify & Quantify Value &Review Appraise Realize Plan © BRM Fusion Limited 2013 Page 32
  33. 33. Tools © BRM Fusion Limited 2013 Page 33
  34. 34. Tools © BRM Fusion Limited 2013
  35. 35. ToolsYou 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 failureBenefits Realisation software can also help withCost savings and Cost management © BRM Fusion Limited 2013
  36. 36. People Process OrganisationBenefit expected?Quality standards to meet?Scope of what they needed to do?Budget available? SystemsTime available? & Tools © BRM Fusion Limited 2013 Page 36
  37. 37. Justifying Benefits Realisation1. Reassure quality of proposal recommendations2. Manage the realisation of business benefits over time3. Decrease risk to delivery deadlines4. Manage scope and save budget5. Increase the quality of solutions and activitiesUse 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 © BRM Fusion Limited 2013
  38. 38. More free-takeaways1. OutcomeJogger™  Identify wonderful things2. Map on Stand  PwC Survey 20133. Slides  Register on stand4. Software  Realisor.com5. 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 © BRM Fusion Limited 2013 Page 38
  39. 39. BenefitsManagement -Making itWork ®TREVOR HOWES

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