How can sponsors be sure that their projects or programmes will create business value?
Matt Williams will argue that projects and programmes need to sit within an investment portfolio aligned with organisational goals and objectives if business value is to be created and benefits realised.
Selecting a balanced portfolio of initiatives that contribute to an organization’s goals requires each initiative to have a realistic, validated business case. These business cases should contain measurable Lead Indicators of Benefits Realisation to enable performance measurement both during and post-execution.
The presentation will also explore techniques for maximizing the return on portfolio investment to avoid the common pitfalls of Value Exaggeration, Value Destruction and Value Decay.
Matt’s recommendations to maximise the value from project/programme delivery
- Engage stakeholders early to drive a shared vision of the initiative and how and who will create business value
- Create Benefit Maps so all parties understand the relationship between project outputs and desired business outcomes
- Use measurable ‘Lead Indicators’ to support forecasting of Benefits Realisation performance both during- and post-delivery.
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