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Benefits-led portfolio management: maximising capital investment returns, by Matt Williams

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Benefits-led portfolio management: maximising capital investment returns,
by Matt Williams
Benefits Summit 2015
Thursday 25th June
London

Published in: Business
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Benefits-led portfolio management: maximising capital investment returns, by Matt Williams

  1. 1. Benefits-led Portfolio Management: Maximise Capital Investment Returns Matt Williams PMP, MAIPM Managing Director
  2. 2. Publisher of Amplify Strategic Benefits Realisation Platform Convenors of Benefit Summits in Australia since 2012 ABOUT CONNEXION SYSTEMS
  3. 3. BENEFITS-LED PORTFOLIO MANAGEMENT
  4. 4. KEY THEMES FROM TODAY • Stakeholder engagement and Executive Buy-in • Business Case Quality • Organisational Maturity
  5. 5. WHAT’S WRONG WITH THE STATUS QUO? Strategic Alignment 38% of initiatives are not helping to deliver strategy Source: 4th Global Portfolio and Programme Management Survey, PwC, 2014
  6. 6. WHAT’S WRONG WITH THE STATUS QUO? Our profession has traditionally focussed on project and program delivery but an initiative delivered well which should never have started in the first place, is the ultimate waste of resources therefore: Select the right initiatives
  7. 7. NEED TO ALIGN EXECUTION WITH STRATEGY
  8. 8. WHAT ARE THE BENEFITS? Organisations that focus on strategic alignment deliver 50% more successful projects Source: Pulse of the Profession, Project Management Institute, 2015 71% 46% Strategic Focus No Strategic Focus Project Success Rate
  9. 9. VALUE CREATION PITFALLS Value Exaggeration Value Decay Value Destruction
  10. 10. DEFINE – VALUE EXAGGERATION
  11. 11. PROJECT SELECTION BenefitsProject Benefits Benefits Benefits Benefits Project Project Project Project
  12. 12. PROJECT SELECTION BenefitsProject Benefits Benefits Benefits Benefits Project Project Project Project
  13. 13. SELECT – VALUE DESTRUCTION
  14. 14. PROJECT SELECTION
  15. 15. PROJECT SELECTION
  16. 16. PORTFOLIO BALANCE GROW TRANSFORM
  17. 17. MONITOR – VALUE DECAY
  18. 18. USE LEAD INDICATORS TO MONITOR BENEFIT PERFORMANCE • Goal – Reduce Smoking Related Deaths • Lead Indicator – Smoking Rates • Goal – Reduce staff in call centre • Lead Indicator - % of self service transactions • And don’t forget to test assumptions too!
  19. 19. PORTFOLIO REVIEWS • Need to regularly review the components of each portfolio to determine: –Initiatives are still strategically aligned –Delivery Performance ($, time) –Benefits are likely to be realised • If an initiative no longer fits, have the decency to kill it!
  20. 20. NO MORE ZOMBIE PROJECTS!
  21. 21. DESIRED ATTRIBUTES OF BUSINESS CASES • Involve all stakeholders in their creation • Identify all work (inc. change) • Provide objective targets for performance measurement • Clearly identify ownership for benefits • Include Lead Indicators to provide early warning
  22. 22. BENEFITS-LED PORTFOLIO MANAGEMENT Create Realistic, Measurable Business Cases Measure ASAP Use Lead Indicators Strategically Aligned Balanced
  23. 23. Matt Williams PMP, MAIPM Managing Director Connexion Systems Pty Ltd E: mwilliams@connexion.com.au M: +61 414 847 040 W: www.connexion.com.au QUESTIONS?

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