laying the foundations for project success
DESCRIPTION
Presentation slides from corresponding webinar.TRANSCRIPT
www.apmg-international.com
APMG-International Webinar
Laying the foundations for Project Success
Wednesday 28 August 2013 / 12:00 AEST (Canberra, Australia)
Presented by Geoff Rankins, Inspiring Projects
www.APMG-International.com
Agenda
• Welcome & introduction– Mark Croxford, Business Development Manager – Australasia
APMG-International
• Laying the Foundationsfor Project Success– Geoff Rankins (Inspiring Projects)
• Q&A• More Information• Close
About APMG-International
• Accredit training and consulting organizations &manage certification schemes for professionals
• International presence in 13 countries• Extensive suite of professional development products leading
to more than 80 world-class qualifications• Publications, courseware and methodologies are translated in
up to 23 languages• 350+ Accredited training (ATO) and consulting (ACO)
organizations with 1800+ approved trainers and consultants• Certify examination candidates; 18000+ exams per month• More information: www.APMG-International.com
Your Presenter
• Geoff Rankins, Lead Trainer, Inspiring Projects• Approved Trainer in PRINCE2, MSP, MoP, P3O,
MoV, Managing Benefits, Agile Project Management, Better Business Cases, MoR (soon)
• Geoff is a consultant and project director with 35+ years of experience helping organisations manage change
• He has held executive, advisory and line management roles in multinationals, ASX50 organisations, Federal and State Governments and Tier 1 & 2 consulting firms
• Contributor to several national and ISO standards• He has been an early promoter in Australasia of PRINCE2, MSP,
MoV and now Better Business Cases
Objectives
Introduce Better Business Cases
Touch on its core elements
Consider experience to date
Background
UK Treasury• Green Book
Victoria Treasury • Investment Management Standard,
incorporating an Investment Logic Model
Other jurisdictions• A multitude of ad hoc methods
The Need for Guidance
The key challenge for organisations in a post-GFC world is how to optimise the value returned from their investments
Key requirements for decision making:– Is there a clear justification for intervention?– Are there clear objectives?– Divergent (options) before convergent (solutions)?– Likelihood of ‘business value’ through benefits realisation?– Acceptable risk exposure (failure)?
A well-prepared Business Case is essential for enabling evidence-based decision making.
The Five Cases Model
StrategicCase
ManagementCase
FinancialCase
CommercialCase
EconomicCase
Compelling?
Achievable?
Value for Money?
Viable?Affordable?
Business Case Documents
StrategicOutline
Programme
StrategicOutlineCase
OutlineBusiness
Case
FullBusiness
Case
BusinessJustification
Case
‘Major’Schemes
‘Minor’Schemes
Progressive Refinement
StrategicOutlineCase
OutlineBusinessCase
FullBusinessCase
Strategic
Economic
Financial
Commercial
Management
Development Pathway
Product Steps
Strategic Outline Programme
1: Ascertain strategic fit
Strategic Outline Case 2: Make the ‘case for change’ 3: Explore the ‘preferred way forward’
Outline Business Case 4: Determine Value for Money 5: Prepare for the potential deal 6: Ascertain affordability and funding 7: Plan for successful delivery
Full Business Case 8: Procure the VfM solution 9: Contract for the deal10: Ensure successful delivery
Large, contentious project under PRINCE2
Pre-Project
Initiation Stage
TenderStage
DeliveryStage(s)
Strategic OutlineCase is in the Project Brief
Outline BusinessCase is in theProject Initiation Documentation (PID)
Final BusinessCase is in the updated PID
Smaller, non-contentious project under PRINCE2
Pre-Project
Initiation Stage
TenderStage
DeliveryStage(s)
Business JustificationCase is in the PID
Agile Project under DSDM Atern
Pre-Project
Feasibility Foundations Increment(s)
Strategic OutlineCase could be in Terms of Reference ?
Outline BusinessCase in Feasibility Assessment
Final BusinessCase in Business & Management Foundations & Delivery Plan
Who uses Better Business Cases?
UK Treasurywww.gov.uk/government/publications/transport-business-case
Welsh [email protected]
Emerging interest from World Bank
New Zealand
Ministers of Finance wanted greater confidence in State investment decisions
Infrastructure NZ developed a ‘NZ-concise’ version of BBC, incorporating two elements of Victorian Treasury ILM
NZ Cabinet has endorsed BBC for use in the State Sector;
CERA endorsed BBC for Christchurch Recovery;
NZTA endorsed BBC for National Land Transport Programme;
Piloting application of BBC to socio-economic programmes.
New Zealand
NZ Treasury developed and deliver training across New Zealand
In the last 12 months:• ~600 through BBC Foundation and • ~300 through BBC Practitioner Course
Emerging demand for training from Tier 2/3 consulting firms, Tertiary Education sector, Health Sector, Government Departments, Local Authorities and State Owned Enterprises
NZ National Evaluation of BBC - 1
www.infrastructure.govt.nz/publications/betterbusinesscases/
Key findings:
• Overwhelming agreement that BBC has had a positive impact on the quality of business case thinking and that it is generally fit for purpose;
• The process is most effective when applied by experienced and knowledgeable people;
• Organisations wanted help to develop internal capability and expertise;
• A range of mechanisms should be considered, not just training, to help organisations address the wider capability gaps that have been identified;
• Address State Sector Reviewer capability.
NZ National Evaluation of BBC - 2
Objectives set for 2013/14:
• Continue the delivery and ongoing improvement of current BBC guidance (plus case studies) and training (plus communities of practice);
• Significantly improve the capability (skills, experience, and practice) of priority Public Sector Organisations to produce fit for purpose business cases;
• Provide expert advice to support the development of a competent and professional BBC Reviewer capability and capacity within the State sector.
Developments:
• Support for expert Practitioners and Reviewers;
• For the internal adoption/adaptation of BBC within a Public Sector Organisation, development of some organisational characteristics with a maturity model.
‘Ownership’
Better Business Cases is:
- Owned by HM Treasury and the Welsh Government;
- Coordinated globally by the International BBC Steering Committee, comprised of representatives from HM Treasury, the Welsh Government, the World Bank and NZ Treasury;
- Coordinated in NZ and Pacific Islands countries by the NZ BBC Steering Committee;
- APMG is the global accreditation and examination authority.
Certification
Content- BBC standard- Country versions with up to 15% variance
Foundation- 40 minutes exam- 50 multiple choice questions- Pass mark is 25 (50%) - Closed book exam
Practitioner- Currently under consideration.
Summary
BBC provides a structured ‘thinking’ process:• Strategic, disciplined, staged• Five Cases Model, progressive elaboration• Competent facilitation
Enable organisations to meet a flexible standard, rather than force compliance to an inflexible process
Competent practitioners to support Business Case development and review
Upcoming Australasia events
• Wednesday 18 September @ midday AEST (Canberra – Australia)Webinar | P3M3® assessment choices - APMG Registered Consultant led assessment or Self-Assessment – but which one is right for your organisation, and when?
Presented by Lawrie Kirk & Warren Jolly http://
www.apmg-international.com/en/news-events/webinars/255898.aspx
• Wednesday 2 October @ midday AEST Webinar | Managing Benefits – Optimizing Return on Investments
Presented by Stephen Jenner & Philip Reidhttp://
www.apmg-international.com/en/news-events/webinars/webinar-list.aspx
• Friday 15 November Showcase Event | APMG-International Australasia Showcase
@ Melbourne Conference & Exhibition Centre
www.apmg-international.com/en/qualifications/bbc
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