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A free download of Craig's Value Experience Plan which is used during the implementation of portfolio management and benefits management to help Senior leaders understand the value they should experience.
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Craig’s Value Experience PlanBy Craig Kilford
Note to Reader: Craig’s Value Experience Plan is used to provide a one pager to senior executives helping them understand the the value they will experience over the course of a specific time scale and the key things that will drive that experience.
I created this to help during the implementation of portfolio management and benefits management across organisations. However, you can use this for any situation and timescales. I also include a happiness score which I use as a performance target and check each period.
I hope you find this useful, if you have any questions zap me a tweet @MrPortfolio
Value Experience Plan for Senior Executives:Adopting Portfolio Management
- We appreciate where we are already good and areas
to improve- We have a good sense of what the future will look like with portfolio management
-We have a clear understanding of our role in
the portfolio process and what to expect
- We have an initial shared understanding of the
functions of the Portfolio Office
- We appreciate where we are already good and areas
to improve- We have a good sense of what the future will look like with portfolio management
-We have a clear understanding of our role in
the portfolio process and what to expect
- We have an initial shared understanding of the
functions of the Portfolio Office
- We understand the Portfolio Office functions
and resource requirements-We know a robust and
resourced action plan is in place.
- We are starting to see the overall status of the portfolio
-Our teams have been engaged and seem excited
about being part of the overall portfolio delivery
- We understand the Portfolio Office functions
and resource requirements-We know a robust and
resourced action plan is in place.
- We are starting to see the overall status of the portfolio
-Our teams have been engaged and seem excited
about being part of the overall portfolio delivery
-We can see our overall portfolio delivery journey,
the big milestones and killer dependencies
- We are starting to see how our projects contribute to our
strategy-We can see the overall
portfolio return on investment
- We are making decisions regarding delivery
-We are making portfolio delivery decisions
-We can see our overall portfolio delivery journey,
the big milestones and killer dependencies
- We are starting to see how our projects contribute to our
strategy-We can see the overall
portfolio return on investment
- We are making decisions regarding delivery
-We are making portfolio delivery decisions
- The Portfolio Unit is functioning and established principles of ‘right people,
right place, right time’ are in place
-We feel the value of portfolio management and
use the information to make delivery decisions
- Overall we feel an energised sense of team work across the portfolio
and we are definitely getting better at delivering change
- The Portfolio Unit is functioning and established principles of ‘right people,
right place, right time’ are in place
-We feel the value of portfolio management and
use the information to make delivery decisions
- Overall we feel an energised sense of team work across the portfolio
and we are definitely getting better at delivering change
Portfolio Office Vision, Business Case,
Capability Assessment
Portfolio Office Vision, Business Case,
Capability Assessment
Portfolio Journey, Portfolio Office Welcome Pack,
Executive Information
Portfolio Journey, Portfolio Office Welcome Pack,
Executive Information
Strategic contribution analysis, portfolio return
on investment,
Strategic contribution analysis, portfolio return
on investment,
Portfolio Delivery Strategy,
communication events, PPM career development
Portfolio Delivery Strategy,
communication events, PPM career development
Consultations, Portfolio Office team recruitment
and structure
Consultations, Portfolio Office team recruitment
and structure
Portfolio delivery governance,
engagement with PM’s
Portfolio delivery governance,
engagement with PM’s
BIG Meeting (Benefits Investment Group), Benefits Eligibility
Guidance, planning standards
BIG Meeting (Benefits Investment Group), Benefits Eligibility
Guidance, planning standards
Check all plans, structure PPM
capabilities and development,
Check all plans, structure PPM
capabilities and development,
PERIOD 1PERIOD 1 PEROD 2PEROD 2 PERIOD 3PERIOD 3 PERIOD 4PERIOD 4
Key Activities: Portfolio Office
deliverable
Senior Executive
Value Experience
Key Value Add Portfolio Office
deliverable
Communication, Engagement and CollaborationCommunication, Engagement and Collaboration
4/104/10 5.5/105.5/10 7/107/10 9/109/10
Happiness score with Portfolio
Delivery (out of 10)
Value Experience Plan for Senior ExecutivesAdopting Benefits Management
I am aware of the high level business case
position
I am aware of the high level business case
position
We understand where we are going and how
benefits management will help us
We understand where we are going and how
benefits management will help us
We start to see the value of delivering all the
projects for the first time
We start to see the value of delivering all the
projects for the first time
We are starting to make tough investment
decisions based on project priorities
We are starting to make tough investment
decisions based on project priorities
Business Case review findings communicated Business Case review
findings communicated Sponsor BriefingsSponsor Briefings1st Draft of Executive
Benefits report created Business Areas
1st Draft of Executive Benefits report created
Business Areas
Benefits from priority projects incorporated in
Benefits reporting
Benefits from priority projects incorporated in
Benefits reporting
All Business Cases reviewed
All Business Cases reviewed
Draft Benefits Eligibility Guidance and Business
Area engagement
Draft Benefits Eligibility Guidance and Business
Area engagement
Initial Benefits Discovery Workshops with priority
projects
Initial Benefits Discovery Workshops with priority
projects
Measurable benefits are visible and agreed
Measurable benefits are visible and agreed
Benefits Team shaping, planning & ways of
working with Transformation Office
Benefits Team shaping, planning & ways of
working with Transformation Office
Benefits Investment Group (BIG) MeetingBenefits Investment Group (BIG) Meeting
Benefits Eligibility Guidance communicated
to all projects
Benefits Eligibility Guidance communicated
to all projects
Colleagues understand what benefits are valid Colleagues understand what benefits are valid
PERIOD 1PERIOD 1 PEROD 2PEROD 2 PERIOD 3PERIOD 3 PERIOD 4PERIOD 4
Key Activities: Portfolio Office
deliverable
Executive Board Member
Value Experience
Key Value Add Portfolio Office
deliverable
Communication, Engagement and CollaborationCommunication, Engagement and Collaboration
4/104/10 5.5/105.5/10 7/107/10 9/109/10
Happiness score with Benefits Management
(out of 10)
