Benefits…. what benefits? 10 ways to achieve your project benefits.
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4 out of 5 Information Systems projects fail to realise even 50% of the originally identified benefits.” Source: Management Today. The major reason any project is given a green-light by executives is they deliver benefits to the business. So why is it that so many projects fail to deliver their identified benefits?
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Benefits…. what benefits? 10 ways to achieve your project benefits.
- 1. Benefits… what benefits? “Nearly 80% of Information Systems projects fail to realise even 50% of the originally identified benefits.” Source: Management Today. Presented by Gary Waldon Talk Communications
- 2. High volume transaction billing company 100 million transactions annually 1 million+ customers $5 million costs $4.7 million annual benefits Benefits across three separate business units Case Study: 2MASTERING SAP FINANCIALS BY GARY WALDON
- 3. There are four benefit types you can use to build a compelling business case. 01 Increased revenue 02 Cost reduction 03 Compliance 04 Cost avoidance 3MASTERING SAP FINANCIALS BY GARY WALDON
- 4. Most common reasons projects fail to realise their benefits 4MASTERING SAP FINANCIALS BY GARY WALDON
- 5. Poor consultation No link to requirements No realisation plan Conflicting projects Double counting Unrealistic Overly optimistic Most common reasons projects fail to realise their benefits 5MASTERING SAP FINANCIALS BY GARY WALDON
- 6. Most common reasons projects fail to realise their benefits 6MASTERING SAP FINANCIALS BY GARY WALDON
- 7. Poor consultation No realisation plan Conflicting projects Double counting No link to requirements Unrealistic Overly optimistic X X X X X X X Most common reasons projects fail to realise their benefits 7MASTERING SAP FINANCIALS BY GARY WALDON
- 8. 80% of projects fail to deliver even half of their original benefits. 8MASTERING SAP FINANCIALS BY GARY WALDON
- 9. ways to achieve your project benefits.10 9MASTERING SAP FINANCIALS BY GARY WALDON
- 10. Centralise benefit realisation process 01 10MASTERING SAP FINANCIALS BY GARY WALDON
- 11. Identify who benefits from the project02 11MASTERING SAP FINANCIALS BY GARY WALDON
- 12. Define the benefits03 12MASTERING SAP FINANCIALS BY GARY WALDON
- 13. Link benefits to business requirements04 13MASTERING SAP FINANCIALS BY GARY WALDON
- 14. Confirm how benefits are calculated05 14MASTERING SAP FINANCIALS BY GARY WALDON
- 15. Review the benefits for achievability06 15MASTERING SAP FINANCIALS BY GARY WALDON
- 16. Quantify the benefits with finance gurus07 16MASTERING SAP FINANCIALS BY GARY WALDON
- 17. How will you realise the benefits?08 17MASTERING SAP FINANCIALS BY GARY WALDON
- 18. Have benefit owners present to the executive team09 18MASTERING SAP FINANCIALS BY GARY WALDON
- 19. Operationalise benefits realisation10 MASTERING SAP FINANCIALS BY GARY WALDON 19