Doing Things Differently By Seeing Things Differently

BENEFITS MANAGEMENT

Features
  1. Benefits Strategy and Realisation Plan definition and implementation.

  2. Benefits identification, prompt lists, rich pictures, concept maps, SME interviews.

  3. Benefits analysis, including development and testing benefit profile and estimate. 

  4. Benefits mapping ensuring golden thread through projects, benefits organisational strategy.

  5. Benefits analysis testing and maturing assumptions to create stakeholder confidence.

  6. Benefits workshop design and implementation to capture full benefits range.

  7. Benefits assurance to test and challenge benefit viability.

  8. Benefits measurement to hold SRO to account post 'go live'.

  9. Cost versus benefit analysis.

  10. Management of benefits through the product life-cycle

Benefits
  1. Sets clear process and methodology that withstands scrutiny.

  2. Maximises the opportunity for the project to succeed.

  3. Ensures high deliverability confidence of benefits to stakeholders.

  4. Ensures that all project expenditure contributes to delivery of organisational strategy.

  5. Supports effective communication of project goals.

  6. Helps to identify and manage changing priorities within the project.

  7. Enables a coherent portfolio level view of benefits across projects

  8. Builds data on delivery effectiveness to enact lessons learned

  9. Supports investment decisions against hard and soft benefits

  10. Assures that what is committed to is delivered 

When to use this service

When your organisation is considering embarking on, or needs to re-energise, any kind of change. Our Benefit Management service is ideally utilised at the beginning of a change so that maximum value in line with strategic objectives may be achieved. If you’ve already embarked on a change and are not achieving the desired benefits our service can be tailored to help recover your change.

 
What we deliver

Our experience and knowledgeable consultants will ensure that your organisation discovers and implements the Benefits Management system best suited to you.  We focus on delivering optimum business results across your organisation in a way that is sustainable. Working with you and your stakeholders we identify, assess and plan benefits (and dis-benefits where applicable) to maximise the likelihood of successful benefits realisation. We do this through: Benefits Strategy and Plan development, defining benefits governance and value culture, benefits identification workshops, benefits mapping workshops, benefits realisation planning.

 
How we work with you

One of our senior partners will engage with you ensure that we understand the problem or opportunity need. We will propose the most cost-effective model based on the scale and complexity of the need. We will also assure the need by working across your organisation to capture a multi-stakeholder perspective.

The proposal will set out the blend of skills and durations required to meet the identified need. This will also clearly identify the roles and responsibilities of both organisations and establish any prerequisites.

We will define the benefits to the organisation of the PMO and provide senior advocacy of those benefits.

 
How we deliver this service

Our senior partners have extensive experience in Benefits Management in both the public and private sectors. Our approach uses practical application of well recognised guidance and methodologies (Managing Benefits, Managing Successful Programmes (MSP)) appropriate for the context.

We have our own complete systems approach “IDEAS” which we apply to each intervention. This can be treated as a menu of services or a complete implementation

IDEAS IN THE CONTEXT OF P3O
We will:
Identify – Establish the context of the Benefits Management need, set the objectives, define the governance, scope and develop Benefits Strategy and Benefits Plan.
Diagnose – Articulate benefits and dis-benefits both financial and non-financial through workshops. Complete benefits mapping to ensure alignment of strategic outcomes, benefits and activity.
Evaluate – Generate assumption and evidence based assessment of value of benefit and ease of realisation.
Action – Finalise Benefits Realisation Plan and ensure successful handover of the plan to the change sponsor.
Sustain – Facilitate and manage benefits realisation reviews in accordance with the Benefits Realisation Plan.