managing benefits guidance
DESCRIPTION
This is the presentation that i used to talk at the APMG International's launch of Managing Benefits Guidance. This is the new book by Steve Jenner and if you read the back cover you'll see my feelings about it.TRANSCRIPT
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My meandering thoughts… By Craig Kilford @MrPortfolio
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Why change? Improve, be better, success, freedom, happiness
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Religion: Collection of belief systems, world views, moral values…
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There are around 4200 religions in the world
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Some are very interesting: Jainism - Digambara monks
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Quran: Verbally recited for 23 years before being written
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Biblical Canon: From Greek meaning “rule” or “measuring stick”
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Lots of sign posts no definitive direction
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No real direction until now…
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Government and Bank of England make big
decisions
Government and Bank of England make big
decisions
YouYou
Office for National StatisticsCensus
Gross Domestic ProductLabour Market
(Lots more)
Office for National StatisticsCensus
Gross Domestic ProductLabour Market
(Lots more)
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Governance: BIG team, BIG process, BIG commitment
Business Investment Group (BIG)Provide a robust, supportive and consistent approach to identifying,
valuing, planning, realising and reviewing benefits.
Business Investment Group (BIG)Provide a robust, supportive and consistent approach to identifying,
valuing, planning, realising and reviewing benefits.
Executive Leadership Team (ELT) BusinessEnsure the portfolio’s ongoing contribution to ONS strategic objectives
Executive Leadership Team (ELT) BusinessEnsure the portfolio’s ongoing contribution to ONS strategic objectives
ONS Board and UKSAProvide strategic directionONS Board and UKSA
Provide strategic direction
Portfolio Delivery CommitteeReview the overall portfolio status. Recommendations to Executive
Leadership Team on funding, benefits realisation, investment, resources, risk, portfolio sequencing, dependencies, overall deliverability and
governance.
Portfolio Delivery CommitteeReview the overall portfolio status. Recommendations to Executive
Leadership Team on funding, benefits realisation, investment, resources, risk, portfolio sequencing, dependencies, overall deliverability and
governance.
Portfolio Delivery UnitEnsure right changes, the right way with the right
people every time
Portfolio Delivery UnitEnsure right changes, the right way with the right
people every time
Decisions to enable portfolio delivery
success
Decisions to enable portfolio delivery
success
Timely, high quality status information
Timely, high quality status information
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2011/12
2012/13
2013/14
2014/15
2015/16
2016/17
2017/18
2018/19
2019/20
2020/21
2021/22
2022/23
0.050.0
100.0150.0200.0250.0300.0350.0400.0450.0500.0
BoE£75m(19%)
HMT£98m(24%)
BIS£19m(5%)
Eurostat£10m(2%)
DCLG£90m(22%)
Other£113m(28%)
£M
£405M
£22M£28M
FinancialFinancial
Non-FinancialNon-Financial
EconomicEconomic
Who benefits from what benefits? (draft)
Portfolio costsPortfolio costs
£28m6%
£22m5%
£405m89%
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- We can see the overall Portfolio of
projects and programmes
- We understand the projects and initial
benefits
- We have a good understanding of project delivery
status
- We can see the overall Portfolio of
projects and programmes
- We understand the projects and initial
benefits
- We have a good understanding of project delivery
status
- We see portfolio delivery progress
- We understand the financial performance
and risks of the portfolio
- We understand who owns and realises
benefits
- We see portfolio delivery progress
- We understand the financial performance
and risks of the portfolio
- We understand who owns and realises
benefits
- We understand the portfolio delivery
status
- We feel confident about portfolio
information
- We start to see portfolio and business
as usual resource requirements
- We understand the portfolio delivery
status
- We feel confident about portfolio
information
- We start to see portfolio and business
as usual resource requirements
- Resourcing information is much
clearer
- We feel the value of having a Portfolio
Delivery Unit
- We feel that ONS has enhanced its ability to deliver
change
- Resourcing information is much
clearer
- We feel the value of having a Portfolio
Delivery Unit
- We feel that ONS has enhanced its ability to deliver
change
Sept/OctSept/Oct Nov/DecNov/Dec Jan/FebJan/Feb March/AprilMarch/April
ONS BoardPortfolio ManagementValue Experience
Updated Portfolio Delivery Journey
2012-2014
ONS Benefit Management
standards in place and starting to be
used
Updated Portfolio Delivery Journey
2012-2014
ONS Benefit Management
standards in place and starting to be
used
Draft Executive Level benefits management
report to ELT and ONS Board
Project reporting fully embedded
Draft Executive Level benefits management
report to ELT and ONS Board
Project reporting fully embedded
Project Planning Standards being
adopted within the projects
Project delivery lifecycle being
adopted
Project Planning Standards being
adopted within the projects
Project delivery lifecycle being
adopted
Updated Portfolio Delivery Journey in
partnership with Financial planning
Updated Portfolio Delivery Journey in
partnership with Financial planning
Key PortfolioOfficeactivity
Value Experience: How do you make my life better?
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Some key benefits from Managing Benefits guidance?
Business case:More efficient business case creation
Delivery Success:More proactive focus on benefits whole cycle
Investment appraisal: Better more realistic
People Skills:Increase capability and skills
Happiness:People deliver more success, people get happier
Portfolio Prioritisation:More efficient prioritisation
Truth:Reduced funny money benefit claims
Executive Leadership:More confident decisions
Organisational Energy: Better engagement and team work
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Benefits are the destination, everything else helps us get there
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If business change were a religion…
Religious Best Practices
Benefits Bible
Religion Successful Business Change
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Tweet @MrPortfolio for more meandering thoughts