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Benefits Dependency Network

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This slide presentation has been produced by David Waller

Published in: Business, Economy & Finance

Benefits Dependency Network

  1. 1. Benefits Dependency Network
  2. 2. Agenda <ul><li>The criticality of objectives </li></ul><ul><li>The impact of explicit and implicit drivers </li></ul><ul><li>The effective BDN </li></ul><ul><li>Use a worked example to demonstrate its application </li></ul>
  3. 3. What is a benefit? <ul><li>Improve </li></ul><ul><li>Increase </li></ul><ul><li>Reduce </li></ul><ul><li>Eliminate </li></ul><ul><li>Stop </li></ul>An advantageous change realised from the transformation of resources to deliver new or improved value adding activity A benefit is a result that a stakeholder perceives to be of value.
  4. 5. Objectives - Why Trafalgar? <ul><li>A) Destroy the French fleet and remove the threat of invasion </li></ul><ul><li>B) Use up the old gunpowder before its sell-by date </li></ul>
  5. 6. Blueprint - Endgame <ul><li>The game ends when: </li></ul><ul><li>You are checkmated, or </li></ul><ul><li>My King is in g3, my Queen is in c5, etc…. </li></ul>
  6. 7. Benefits Selection <ul><li>Defining the Enabler  </li></ul><ul><li>Objective analysis  </li></ul><ul><li>Context / Limiting Factors  </li></ul><ul><li>Benefits analysis  </li></ul><ul><li>Business activity analysis  </li></ul><ul><li>Benefits realisation planning  </li></ul><ul><li>Execute the benefits realisation plan  </li></ul><ul><li>Benefits Review </li></ul>
  7. 8. This is manageable
  8. 9. This is not
  9. 10. Spot the objectives Put these items into a Benefits Dependency Network. Sort them into: Activities Benefits Objectives Drivers
  10. 11. Spot the objectives
  11. 12. Phraseology matters <ul><li>Means – what you use </li></ul><ul><li>Ways – what you do </li></ul><ul><li>Ends – What you want </li></ul>
  12. 13. What drives the drivers?
  13. 14. <ul><li>Programme objective becomes project driver </li></ul><ul><li>Project objective becomes workstream driver </li></ul>
  14. 15. Setting some boundaries <ul><li>Decide the limits of your responsibility </li></ul>
  15. 16. Stakeholder Analysis <ul><li>Who are the key stakeholders? </li></ul><ul><li>What will they gain/lose? </li></ul><ul><li>What impact will they have upon your objectives? </li></ul>
  16. 17. Observations <ul><li>Lack of radical change </li></ul><ul><ul><li>SMART implies small - strategic objectives get de-scoped </li></ul></ul><ul><ul><li>BM to validate / justify existing plans </li></ul></ul><ul><ul><li>Inappropriate benefits </li></ul></ul><ul><li>BDN helps rationalisation </li></ul><ul><ul><li>The amount of activity required to deliver each benefit </li></ul></ul><ul><ul><li>The validity of projects mapped to strategic objectives </li></ul></ul><ul><ul><li>Re-defined objectives </li></ul></ul><ul><li>Iteration works </li></ul>
  17. 18. Discussion

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