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Benefits-led Portfolio Management: Maximise Capital Investment Returns
Matt Williams PMP, MAIPM
Managing Director
Publisher of AmplifyStrategic Benefits Realisation Platform
Convenors of Benefit Summits in Australia since 2012
ABOUTCONNEXION SYSTEMS
KEY THEMES FROM TODAY
• Stakeholder engagement and Executive Buy-in
• Business Case Quality
• Organisational Maturity
WHAT’S WRONG WITH THE STATUS QUO?
Strategic Alignment
38%of initiatives arenot helping to deliver strategy
Source: 4th Global Portfolio and Programme Management Survey, PwC, 2014
WHAT’S WRONG WITH THE
STATUS QUO?
Our profession has traditionally focussed onproject and program delivery
butan initiative delivered well
which should never have started in the first place, is the ultimate waste of resources
therefore:Select the right initiatives
WHAT ARE THE BENEFITS?
Organisations that focus on strategic
alignment
deliver 50% more successful projects
Source: Pulse of the Profession, Project Management Institute, 2015
Strategic Focus No Strategic Focus
71%46%
Project Success Rate
PROJECT SELECTION
BenefitsProject
Benefits
Benefits
Benefits
Benefits
Project
Project
Project
Project
PROJECT SELECTION
BenefitsProject
Benefits
Benefits
Benefits
Benefits
Project
Project
Project
Project
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!
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!
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
BENEFITS-LEDPORTFOLIO
MANAGEMENT
Create Realistic, Measurable
Business Cases
Measure ASAP
Use Lead Indicators
Strategically Aligned
Balanced
Matt Williams PMP, MAIPM
Managing DirectorConnexion Systems Pty Ltd
M: +61 414 847 040W: www.connexion.com.au
QUESTIONS?