Monday, 20 August 2012

Is software needed for benefits realization?



Has it ever occurred to you that software is needed for benefits realization?

Some people say to me that you don't need software but I know that when you do Benefits Realization fully the complexity and inefficiency of manual working is prohibative.

So what are the added benefits of using a tool such as Realisor?  ( http://realisor.com/ ) 

1. SPEED & COST: Fast and low cost benefits management process
You decrease the time (and therefore cost) taken to carry out the benefits realization process (from idea to realisation).

2. QUALITY: Quality plan & proposal estimates
You increase the quality of benefit estimates in business cases and investment board reviews by providing benefit data that is more evidenced, traceable and based on analysis. Giving greater confidence in estimates and decisions and expectations are based on more accurate data. 

3. CONFIDENCE: Plans that deliver benefits and capability needed
You minimise the risk that activities/ resources needed in plans to deliver expected benefits and capabilities are omitted. 

4. LEAN: Plans and designs are not over specified
You minimise the activities/ resources that are included in plans/ designs that either do not deliver needed capabilities/ benefits or over deliver them.

5. DECISIONS: Easy to compare proposals/ options
You increase the ease of comparing different business case/ proposals options, for example, so similar levels of data, rigour and analysis is available for all business cases/ proposals.

6. WAIT TIME: Speed and effort of creating business cases/ proposals
You increase the speed of creating different business case/ proposal options.

7. IMPROVEMENT: Identify improvement areas
You increase the ability to understand which activities are adding the most  to the objectives/ outcomes required. Changes can be proposed to the Program that give either the greatest benefit increase for lowest cost or most cost cutting for lowest impact on priority benefits.

8. RE-USE: Re-use of Program and Service information
You increase the ability to re-use a complete set of benefit and Programs/ plans information – this includes the speed and ease to rework existing ones to meet new requirements. New Programs are faster, cheaper and easier to set up.

9. STANDARDS: Standardization of Program activities
You increase the ability to re-use completed templates and approaches that have been proven to work.

10. MATURITY: Increase the maturity of Programs
You increase the level of maturity in Program management and need tooling and approaches that will enable us to increase maturity.

11. ENGAGEMENT: Fast and easy people engagement
You increase the ease, speed and impact of creating and sharing a single page graphical view of a Program and also to graphically show the flow of value to be delivered over time.

12. ACCOUNTABILITY: Increase Accountability
You increase the accountability of benefit owners and managers so the actions needed to manage and realize benefits are carried out fully and greater benefits can be realised.

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