We thought it would be a good idea to revisit some of the guiding principles that underpin the world of portfolio, programme and project management. In a world of information overload, it is very easy to lose sight of what matters, so this is the first in a series of posts that we revisit to remind about some core concepts.
In this article, we revisit benefits management, which is still one of the most mysterious disciplines in the world of transformation. Benefits appear like magic when the business case is being written. With earnest consideration and challenge, even more mysteriously, they seem to disappear as soon as the business is signed off and people get down to the real business of delivering stuff, probably never returning to the sticky subject of benefits and why the change was initiated in the first place.
We’ve pulled together some of what we have found to be guiding principles which may increase your chances of achieving your benefits delivery.
We had hoped to produce another programme highlight report in September “Brexit – the biggest MSP programme ever” but despite careful monitoring of events, there isn’t any sign of progress towards any of the components of the Programme Brief that we have been waiting for, namely:
- Vision Statement other than Brexit means Brexit, bit of debate around hard v soft Brexit
- Estimates of costs and timetable, except for article 50 will be triggered before March 2017
- Risks, although the mitigation for the plan currency value doesn’t seem to have worked
- Benefits – a totally blank space
In fact, the latest Stakeholder Engagement Strategy appears to be “no running commentary” and “no discussion in Parliament”.
So to help the government we thought it might be useful to have a go at helping with the benefits void by producing a benefits map of one of the outcomes, namely, lower immigration, which you can find here brexit-the-immigration-benefits-map
We have tried to be objective in this map and hopefully helps to illustrate the implications of one of the major pillars of the decision to leave, as neither economists or sociologists much of this is open to debate depending on your perception.
Organisations continually fail to deliver benefits so why not grab this opportunity to boost your knowledge, performance and career by finding out more. We are offeringg a 50% discount on our Benefits Management eLearning course to help you raise your game within your organisation by up-skilling your knowledge in this area.
To get this discount on this courses (£37.50 for 12 months license), please use the booking code BMILMAY16 when contacting our Course Manager.
If you would like to view our complete course summary, please click here.
In this short vodcast (from our partners at CC Learning in Brisbane) David Griffiths, a trainer at CC Learning, talks about Managing Benefits™. Specifically he discusses why we invest in projects and programs, optimism bias and strategic misrepresentation. Benefits.
We hope you find it useful
This is part of their ‘Latte Experience’ series that each covers, within three minutes, a topic about portfolio, program and projects in an informal, relaxed way. Visit and subscribe to their YouTube channel http://YouTube.com/users/CCLearningExperience.
APMG International Managing Benefits is a trademark of The APM Group Limited. All rights reserved.
During our work to support organisations deliver benefits driven change, maturity assessments and adopting programme management, we have become aware of a number of underpinning principles that are common amongst organisations that are successful.
Please click here for the guiding principles of benefits management