Best Practices in LeanSigma Financial and Project Benefit Reporting
Contact details Sample page  For more information on this course or others, contact Julie Brignac +1 305 890 9078 [email_a...
Purpose <ul><li>Discuss what works regarding a project benefit infrastructure </li></ul><ul><li>Share information as a bes...
Understand Project Benefits  <ul><li>First, </li></ul><ul><ul><li>UNDERSTAND your businesses main drivers and metrics </li...
Project Benefit Guidelines <ul><li>Purpose </li></ul><ul><ul><li>The intent of this document is to give Quality Project Le...
Sample Guideline Contents <ul><li>Definitions </li></ul><ul><li>Project Benefits Process & Roles </li></ul><ul><li>General...
Project Benefit Network <ul><li>To provide project resources specific contacts who are responsible for validating their pr...
Consistent Project Governance Process  Project Charter Benefit Assessment Project Approval Project work (controls & tollga...
Electronic Project Repository <ul><li>Requirements </li></ul><ul><ul><li>Web-based access for all business units </li></ul...
Summary  <ul><li>Define your organization that will be benefit assessed </li></ul><ul><li>Have a central governing body an...
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Benefits Of Project Financial Validation Sample

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Benefits Of Project Financial Validation Sample

  1. 1. Best Practices in LeanSigma Financial and Project Benefit Reporting
  2. 2. Contact details Sample page For more information on this course or others, contact Julie Brignac +1 305 890 9078 [email_address]
  3. 3. Purpose <ul><li>Discuss what works regarding a project benefit infrastructure </li></ul><ul><li>Share information as a best practice in this arena </li></ul><ul><li>Answer questions regarding the infrastructure and deployment of Quality in your organization </li></ul><ul><li>Peak your interest in an otherwise boring (but necessary) subject </li></ul>Copyrighted Material 2009. QuantumSix Solutions, Inc. All Rights Reserved.
  4. 4. Understand Project Benefits <ul><li>First, </li></ul><ul><ul><li>UNDERSTAND your businesses main drivers and metrics </li></ul></ul><ul><ul><li>Develop a path and link your projects ultimately to those metrics </li></ul></ul><ul><li>Second, </li></ul><ul><ul><li>Encase your project benefits definitions around your organizational structure </li></ul></ul>Copyrighted Material 2009. QuantumSix Solutions, Inc. All Rights Reserved.
  5. 5. Project Benefit Guidelines <ul><li>Purpose </li></ul><ul><ul><li>The intent of this document is to give Quality Project Leaders and Financial Approvers guidelines to understand project benefit categories, the process for assessing benefits in a project, and the calculation of project benefits. </li></ul></ul>Copyrighted Material 2009. QuantumSix Solutions, Inc. All Rights Reserved.
  6. 6. Sample Guideline Contents <ul><li>Definitions </li></ul><ul><li>Project Benefits Process & Roles </li></ul><ul><li>General Rules </li></ul><ul><li>Benefit Categories & Calculations </li></ul><ul><li>Tools & Templates </li></ul>Copyrighted Material 2009. QuantumSix Solutions, Inc. All Rights Reserved.
  7. 7. Project Benefit Network <ul><li>To provide project resources specific contacts who are responsible for validating their project benefits per the guidelines </li></ul><ul><li>Roles and Responsibilities </li></ul><ul><ul><li>Project Governance Process should dictate a project benefit assessment at: </li></ul></ul><ul><ul><ul><li>Charter stage  Build initial benefits model </li></ul></ul></ul><ul><ul><ul><li>Periodic auditing throughout project to clarify benefits </li></ul></ul></ul><ul><ul><ul><li>Final signoff by Finance of validated benefits </li></ul></ul></ul><ul><ul><ul><ul><li>Reconciliation to P&L, if applicable </li></ul></ul></ul></ul>Copyrighted Material 2009. QuantumSix Solutions, Inc. All Rights Reserved.
  8. 8. Consistent Project Governance Process Project Charter Benefit Assessment Project Approval Project work (controls & tollgates) Project Complete Generic Project Cycle Reporting and Analysis Track and Report Benefits Copyrighted Material 2009. QuantumSix Solutions, Inc. All Rights Reserved.
  9. 9. Electronic Project Repository <ul><li>Requirements </li></ul><ul><ul><li>Web-based access for all business units </li></ul></ul><ul><ul><li>Lifecycle management for all projects </li></ul></ul><ul><ul><li>Estimating model, particularly for capital intensive projects </li></ul></ul><ul><ul><li>Robust reporting including project dashboard, including benefit analysis </li></ul></ul><ul><ul><li>12-month forecasting of project benefits for active and pending projects </li></ul></ul><ul><li>MUST have governance process in place prior to system </li></ul><ul><ul><li>A system will not drive your process </li></ul></ul><ul><ul><li>The system must MIRROR your process and meet your requirements </li></ul></ul><ul><ul><li>Don’t think of the system as an antidote for any lack of process(es) </li></ul></ul>Copyrighted Material 2009. QuantumSix Solutions, Inc. All Rights Reserved.
  10. 10. Summary <ul><li>Define your organization that will be benefit assessed </li></ul><ul><li>Have a central governing body and focal point for project benefits </li></ul><ul><li>Important to have project benefit guidelines and a network corporate wide so everyone talks the same language and reports the same way </li></ul><ul><li>Let the process govern the system, not vice versa </li></ul>Copyrighted Material 2009. QuantumSix Solutions, Inc. All Rights Reserved.

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