- 11 March 2020
Bostock Lane Long Eaton NOTTINGHAM NOTTINGHAMSHIRE NG10 4EP
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Member ticket: FREE
Non member ticket: £10.00
Prioritise your portfolio using a benefits management framework
Benefits realisation management is fundamental to demonstrating project success, but it isn’t always done well. Projects get investment and continued investment that can’t justify it, which means better projects being denied funding. Decision gate approvals, where the value for money of a project is retested and resources reallocated, are undermined if they aren’t consistent, and/or aren’t based on benefits management.
Organisations don’t review value as it’s being created; a project can go badly off track without it being recognised, and continue to drain resources. Benefits management frameworks are a key part of the solution to resolve all of these.
APM has published the “Guide to using a benefits management framework” (Minney & Parris Nov 2019).
This interactive session will illustrate and expand on the guide.
What we will discuss:
- Consistency across the organisation: why inconsistent benefits management approaches make it difficult to prioritise investment.
- Some differences between agile and waterfall methodologies, particularly with respect to benefits management.
- The key components you need in any portfolio to realise benefits and create value.
How to align every project in your portfolio to your organisation’s strategic objectives, and maximise your chances of success.
- The difference between value creation and “nice to have”.
- How to put a value on compliance and risk avoidance.
- How to use benefits management techniques at board meetings, and follow through the whole life cycle of the project.
- Decision Gates – how to introduce them to an existing portfolio or collection of projects.
- Recognise dependencies between projects, both dependencies which affect the delivery of outputs, and dependencies which affect realisation of benefits.
Benefits realisation management isn’t difficult. A benefits management framework, if planned properly, can take a lot of the uncertainty out of successful project delivery. It can improve forecasts, clarify priorities, target investment, document and leverage dependencies and synergies, as well as realising strategic objectives. Come to this session to make your organisation and yourself more competitive in a challenging world and to provide assurance to governance bodies on value for money.
Hugo Minney has worked in project management in many different settings, but has probably never once had the job title of project manager.
From account manager (developing the specification and organising delivery and implementation), through workforce designer (creating new ways to overcome constraints in recruitment and education), benefits manager (coaching stakeholders what they can expect and what they have to do to get it), to a recent role as Chief Executive’ (responsible for making it happen), Hugo has worked across industries in Commerce, in Charity and the NHS.
This event is suitable for professionals with any level of experience.