whither benefits management, wednesday 21st march 2015
TRANSCRIPT
Whither Benefits Management?
Gary Mainwaring
21st January 2015
What’s My Angle?
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LL / LFE / L2S
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No Time For…
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Scope
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Hands Up
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What I will try to get across is….
Key Takeaways
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Planned Benefits Realised?
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On time, within
budget, ‘White
elephant’
‘Super project
but financial
disaster’ for
John Laing plc
Late, 3x over
budget
New Benefits Realised?
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GDUK Defence Solutions
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Customer Stakeholders
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OGC Recommendations…
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A clear project plan that ….indicates the means of benefits realisation.
The project management team has a clear view of the interdependencies between projects, the benefits, and the criteria against which success will be judged.
The SRO has the ability, responsibility and authority to ensure that the…. business benefits are delivered.
Effective systems for measuring and tracking the realisation of benefits in the business case.
Have enough review points so that the project can be stopped, if changing circumstances mean that the business benefits are no longer achievable or nolonger represent value for money.
Government ‘Push’
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SRO to ensure
projected benefits are
delivered
Anticipated benefits not
delivered within original
time and cost
expectations
Use assurance to
monitor and maximise
benefits
Government ‘Push’
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“A critical innovation in the private sector has been the emergence of a portfolio management approach to major projects, that is, a central project authority takes the role of prioritising across a company’s projects on the basis of benefit to cost ratio, risk and deliverability. This exercise is repeated frequently……”
Government ‘Push’
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The business case for the line estimates that Crossrail will produce
£1.97 of benefit for every £1 of cost, through reduced journey times,
reduced crowding on public transport and quicker interchanges
between services.
Lesson from History
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Delivering Capability
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Requirements
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Programme Vision
Benefits Realisation
Deliver to Plan - OTAD
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Bowman TCS
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Delivered to agreed requirements but not necessarily what the end user needed….
Customer Collaboration
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Customer Collaboration
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Sharing Knowledge
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In Theory……
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In Theory……
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Benefits Management Process
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Benefits Management Artefacts
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• Proposal (High Level Benefits)
• Stakeholder Management Plan (updated to
include expected benefits)
• Benefits Management & Realisation Plan
(section in PMP)
• Benefits Tracking (RAG status in Project Review
Pack and LCM Governance Packs)
• Benefits Dependency Mapping (diagram)
• Benefits Realisation Register (reports,
knowledge database)
Benefits Dependency Map
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Objective
Benefit
Weighting
Benefits Dependency Map
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Cassandra / Cranfield
Benefits Dependency Map
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Bradley
Benefits Dependency Map
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COTS
Based
SolutionShorter
Delivery
TimescalesImproved
Through Life
Support
Reduced
Spares
HoldingReduced
Running
CostsImproved
Frontline
Support
Benefits Dependency Map
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Benefits Management Model
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Vision Statement
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Improved Situational Awareness
Standard Messaging
Tactical Network Gateway
Interoperability with Coalition
Forces
Enhanced Information
Footprint
Improved Information Superiority
GFI –Recognised Messaging Standards
PROJECT OUTCOMES
ENABLERS CAPABILITIES BENEFITS
Before BM Was Discovered..
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Who’s The Champion Now?
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PMO Manager
Project Manager
Project Sponsor
Bus Dev Manager
Lead Engineer
The Challenge
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The Challenge
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Reminder - Key Takeaways
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Thanks – Questions?
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