Benefits Realisation Management
The Benefit Manager's Desktop Step-by-Step Guide
Published on 28. November 2023
172 pages
978-1-915785-26-8 (ISBN)
Description
Stuart undertook formal Benefits, Programme and Portfolio Management training and has been employed as a Benefits Manager in Projects, Programmes and Portfolio Offices (P3Os) and In-Service/ BaU teams in Public and Private Sector organisations since 2014.
It took Stuart time to implement effective Benefits Management despite attending formal training because there was no practical guide available, there was varied and competing views on the subject and, a successful approach with support from the organisation was hard to find. Indeed, much time had been spent on circular conversations trying to understand the subject, confusion and language. A structured/ informed guide could have saved significant time and money.
Stuart used the 'lived experience' to inform this guide and approach so the P3Os and In-Service/BaU teams can see it's practical application. Stuart removes the jargon, gets to the point and, seeks to save time so Benefit Managers can work effectively and at pace and, develop their knowledge and skills using an accepted approach to boost performance.
Stuart would like to thank all stakeholders who were involved either directly or indirectly, for their interactions, influence and exchanges and a special thank you to Paul Carter for his time and assistance.
More details
Other editions
Additional editions
Book
11/2023
Clink Street Publishing
€45.90
Shipment within 3-4 weeks
Person
This is the first book about benefit management by Stuart Wilde, MBE.
Content
- Intro
- Title Page
- Table of Contents
- Abbreviations
- Introduction
- SECTION 1: Benefit Management Process
- 1.1 Introduction
- 1.2 3 Benefit Profiles from 1
- 1.3 Benefit Profile Template
- 1.4 Frequency of the Benefits
- 1.5 Dis-Benefits
- 1.6 Is it worth it?
- 1.7 Workforce Reductions
- 1.8 Reinvestment
- 1.9 Relationships Between the Benefits and Objectives.
- 1.10 Formulas (and Format of Numeric and Monetised Values)
- 1.11 Benefit Process Model - Change Process
- 1.12 Benefit Ownership
- 1.13 Identifying Benefit Indicators - Opportunities
- 1.14 Documentation
- SECTION 2: Economic Benefit Profile (EBP)
- 2.1 Introduction
- 2.2 Structure/Order of the EBP
- 2.3 Current 'as-is' Costs (A)
- 2.4 Direct Benefits (B)
- 2.5 Future 'to-be' Costs (C)
- 2.6 Implementation Costs (D)
- 2.7 Other Benefits (E)
- 2.8 Dis-Benefits (F)
- 2.9 Summary Totals (G)
- 2.10 Considerations
- 2.11 Risk and Maturity Approach
- SECTION 3: Benefit Map
- 3.1 Introduction
- 3.2 Template
- 3.3 Lines of Development (LoDs)
- 3.4 Outputs
- 3.5 Outcomes
- 3.6 End Benefits
- 3.7 SOs
- 3.8 Complicated
- SECTION 4: Benefit Profile Categorisations
- 4.1 Introduction
- 4.2 Benefit ID:
- 4.3 Owner of the Benefit Profile:
- 4.4 Benefit Category:
- 4.5 Benefit Name:
- 4.6 Benefit Description/Formula:
- 4.7 Baseline Value/Description:
- 4.8 Target Value/Description:
- 4.9 Benefit (i.e. difference) Value/Description:
- 4.10 Benefit Type:
- 4.11 3E Value:
- 4.12 Assessment Type:
- 4.13 Reinvestment:
- 4.14 Method of Approach (MoA):
- 4.15 Benefit Report Status:
- 4.16 Current Value:
- 4.17 Beneficiary:
- 4.18 Business Function:
- 4.19 Benefit Champion (i.e. Associated BaU Directorates):
- 4.20 Benefit State/Maturity:
- 4.21 Primary End Benefit:
- 4.22 Secondary End Benefit:
- 4.23 Tertiary End Benefit:
- 4.24 Primary Strategic Objective:
- 4.25 Secondary Strategic Objective:
- 4.26 Tertiary Strategic Objective:
- 4.27 Benefit Realisation Report Date:
- 4.28 Date of Last Review:
- 4.29 Date of Next Review:
- 4.30 Remarks/Comments:
- SECTION 5: Benefit Register
- 5.1 Introduction
- 5.2 Look-Up
- 5.3 BM Work Schedule
- 5.4 Economic Benefit Profile
- 5.5 Benefit Profiles (Create Template)
- 5.6 Benefit Profiles (Populate Template)
- 5.7 Benefit Tracker
- 5.8 Outputs
- SECTION 6: Reporting
- 6.1 Introduction
- 6.2 Benefit Reporting
- 6.3 Benefit Report Template
- 6.4 Schema
- 6.5 Benefit Report Thresholds
- 6.6 Output Reporting
- 6.7 Output Scoring
- SECTION 7: Resource
- 7.1 Benefit Hierarchy
- 7.2 Business Change Team
- SECTION 8: Transition to BaU
- 8.1 Introduction
- 8.2 Duplication
- 8.3 Closure of the CI
- SECTION 9: Visualisations/Management Information
- 9.1 Introduction
- 9.2 Combination Charts (Costs and Benefits)
- 9.3 PivotTables (Summary Views of the Economic Benefits)
- 9.4 Data Table (Output Scores and Rating)
- 9.5 PivotTables (Summarised Views of Time and FTE Savings)
- 9.6 Bar Chart (Intermediate, Emergent and Dis-Benefits Associations With the CI's End Benefits)
- 9.7 Bar Chart (End Benefit Associations With the SOs)
- 9.8 Line Chart (£ by Benefit State)
- 9.9 PivotTable (Benefit Champions' Benefit Status)
- SECTION 10: Roles and Responsibilities
- 10.1 Introduction
- 10.2 SRO
- 10.3 Benefit Champions
- 10.4 Benefits Authority
- 10.5 Business Change Team
- 10.6 Benefit Manager (BM)
- 10.7 Owners of the Benefit Profiles
- 10.8 Benefit Agents (If Established)
- 10.9 Benefit Initiators
- 10.10 Benefit Receivers/Beneficiary
- 10.11 Portfolio Office
- 10.12 PMO (or the PSO)
- SECTION 11: Examples Benefit Profiles
- 11.1 Introduction
- SECTION 12: Summary
- 12.1 Coherence
- 12.2 End Note
- Copyright
