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BENEFITSMANAGEMENTIt doesn’t have to be complicatedWebinar :: 6 September 2012

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AGENDA20 Minutes – approximately

• Typical Challenges• Benefits Management

– Programme level– Project level– Portfolio level

• What is also required• Keys

10 Minutes - Questions

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TYPICAL CHALLENGES• What is a benefit• Defined initially to justify funding• Business Cases approved,

then review required …later• What to measure, how to

measure.• Just get on with it

www.tannerjames.com.au :: 1300 774 623

www.tannerjames.com.au :: 1300 774 623

BENEFITS MGT - Programme• Benefits Management

Strategy• Benefits Maps• Benefit Profiles• Benefits Realisation Plan

All during ProgrammeDefinition but revisitedthroughout programme

Benefits management cycle

© Crown Copyright 2011. Reproduced under Licence from the Cabinet Office.

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BENEFITS MAP

© Crown Copyright 2011. Reproduced under Licence from the Cabinet Office.

www.tannerjames.com.au :: 1300 774 623

BENEFITS MGT - Project

Outline Business Case :: Business Case :: Benefits Review Plan

© Crown Copyright 2009. Reproduced under Licence from the Cabinet Office.

www.tannerjames.com.au :: 1300 774 623

BENEFITS MGT - Portfolio

• Portfolio Benefits Management Framework- Benefits eligibility rules - Helps consistency and understanding

• Portfolio Benefits Realisation Plan • Review and Report• Prioritisation and strategic alignment

© Crown Copyright 2011. Reproduced under Licence from the Cabinet Office.

www.tannerjames.com.au :: 1300 774 623

WHAT IS ALSO REQUIRED• Governance and senior management

commitment• Best if practiced across the portfolio

– Common terminology– Benefits reporting– Benefit reviews– Full scope of business change

• Post implementation reviews– Capture lessons and feed them back

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KEYS• Get stakeholders involved early• Create a Benefit Map / Benefit Dependency

Network, and Benefits Distribution Matrix• Focus on the Mandate• Assign responsibility for benefits• Impact on strategic objectives and BAU KPIs • Review and Update• MEASURE!

www.tannerjames.com.au :: 1300 774 623www.tannerjames.com.au :: 1300 774 623