We will explore why research shows 70% of businesses fail to realise the benefit forecasts aligned to their change portfolios, identify the common challenges businesses face when developing a value-focused culture and solutions to address them and, finally, what the future of benefits management could look like. At the end of this keynote, you will have a broader understanding of the root causes that hinder your realisation capability. You will be better equipped with practical solutions to increase value delivery and receive insight into what’s coming next. This was presented by Joel Bellshaw, Senior Portfolio Analyst from Admiral Group at FuturePMO, on the 26th of October. FuturePMO is a 1-day PMO event for practitioners at all levels. The conference brings extraordinary speakers from across industries to challenge your PMO and PPM thinking, helping you work smarter. The next one takes place on the 3rd of October 2024 in London. To learn more and book on to the next conference, visit www.FuturePMO.com LinkedIn - https://www.linkedin.com/showcase/11120292 Twitter - https://twitter.com/FuturePMO Facebook - https://www.facebook.com/futurepmoevent/ YouTube - https://www.youtube.com/channel/UCHi8w5ACqsloXxBEA9t9pfA

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The Evolution of Benefits
Management

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Joel Bellshaw
Benefits management & realisation
Building value focused reporting frameworks
Developing value driven cultures
Designing funding governance processes
Implementing innovative solutions

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Contents
▪ Current Landscape
▪ Challenges
▪ Solutions
▪ The Final Frontier

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Current
Landscape

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34% of
organisations
don’t have a
formal benefits
management
process

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70% of
businesses fail to
realise benefits

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25% of available
benefits are
never identified
at the outset of a
project

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35% of project
professionals
classify their
benefits
realisation
processes as
‘highly mature’

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1 in 10 Project
Managers are
‘unsure of
benefits that
their projects
generally
achieve’

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18% of Project
Managers
estimated their
projects realised
less than 50% of
the anticipated
benefits

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Go to vevox.app
Enter the session ID: 103-761-198
Or scan the QR code
Why do so many businesses have
difficulty realising benefits?

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0/0 Join at: vevox.app
ID: 103-761-198
Inaccurate and unrealistic business case forecasts
0%
Poor delivery and implementation of solutions
0%
Lack of benefit and value accountability throughout the project
0%
There is no framework to follow for our PMs and Delivery Leads
0%
Lack of knowhow and knowledge in the organisation
0%
All of the above!
0%

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Results
0/0 Preparing
Inaccurate and unrealistic business case forecasts
0%
Poor delivery and implementation of solutions
0%
Lack of benefit and value accountability throughout the project
0%
There is no framework to follow for our PMs and Delivery Leads
0%
Lack of knowhow and knowledge in the organisation
0%
All of the above!
0%

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Challenges

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1 Tooling trumps principles
2 Active sponsorship deficit
3 Bias
4 Data access, accuracy & reliability
5 Deficient value delivery processes

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Solutions

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Start with the ‘what’, not the ‘how’ or ‘why’
Adopt the Change trinity
Educate, educate, educate
Re-frame investment propositions & decisions
Standardise the benefits management framework

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The Final Frontier

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OKRs become the primary mechanism for benefits realisation
PM role evolves into Outcome Management
Sponsors adopt active leadership
Technological advancements are embraced
Realised benefits baked

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Thank You
▪ Can we afford not to deliver the benefit?
▪ Education tangibly unlocks organisational capability
▪ Optimise technological advancements
▪ Sponsors need to be accountable for benefits, not
just the investment
Joel Bellshaw
Joel.Bellshaw@AdmiralGroup.co.uk
About.me/JoelBellshaw
Linkedin.com/in/Joel-Bellshaw