Measure IT Project Value
Anchor IT project benefits in realistic metrics and accountabilities.
- People treat benefits as a box to tick on the business case, deflating or inflating them to facilitate project approval.
- Even if benefits are properly defined, they are usually forgotten once the project is underway.
- Subsequent changes to project scope may impact the viability of the project’s business benefits, resulting in solutions that do not deliver expected value.
Our Advice
Critical Insight
- It is rare for project teams or sponsors to be held accountable for managing and/or measuring benefits. The assumption is often that no one will ask if benefits have been realized after the project is closed.
- The focus is largely on the project’s schedule, budget, and scope, with little attention paid to the value that the project is meant to deliver to the organization.
- Without an objective stakeholder to hold people accountable for defining benefits and demonstrating their delivery, benefits will continue to be treated as red tape.
- Sponsors will not take the time to define benefits properly, if at all. The project team will not take the time to ensure they are still achievable as the project progresses. When the project is complete, no one will investigate actual project success.
Impact and Result
- The project sponsor and business unit leaders must own project benefits; IT is only accountable for delivering the solution.
- IT can play a key role in this process by establishing and supporting a benefits realization process. They can help business unit leaders and sponsors define benefits properly, identify meaningful metrics, and report on benefits realization effectively.
- The project management office is ideally suited to facilitate this process by providing tools and templates, and a consistent and comparable view across projects.
- Project managers are accountable for delivering the project, not for delivering the benefits of the project itself. However, they must ensure that changes to project scope are assessed for impact on benefits viability.
Measure IT Project Value
Start here – read the Executive Brief
Read our concise Executive Brief to find out why you should establish a benefits legitimacy practice, review Info-Tech’s methodology, and understand the four ways we can support you in completing this project.
1. Establish benefits legitimacy during portfolio Intake
This phase will help you define a benefits management process to help support effective benefits definition during portfolio intake.
2. Maintain benefits legitimacy throughout project planning and execution
This phase will help you define a process for effective benefits management during project planning and the execution intake phase.
3. Close the deal on project benefits
This phase will help you define a process for effectively tracking and reporting on benefits realization post-project.
Member Testimonials
After each Info-Tech experience, we ask our members to quantify the real-time savings, monetary impact, and project improvements our research helped them achieve. See our top member experiences for this blueprint and what our clients have to say.
Client
Experience
Impact
$ Saved
Days Saved
Caesars Entertainment
Guided Implementation
10/10
N/A
N/A
Helmerich & Payne, Inc.
Guided Implementation
10/10
$991K
23
Westmoreland Mining LLC
Guided Implementation
9/10
N/A
N/A
Social Security Administration
Guided Implementation
10/10
N/A
N/A
Blue Cross and Blue Shield of Kansas, Inc.
Guided Implementation
8/10
N/A
N/A
Wings Financial Credit Union
Guided Implementation
8/10
N/A
N/A
Onsite Workshop: Measure IT Project Value
Onsite workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost onsite delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.
Module 1: Analyze the Current State of Benefits Management
The Purpose
- Assess the current state of benefits management at your organization and establish a realistic target state.
- Establish project and portfolio baselines for benefits management.
Key Benefits Achieved
- Set achievable workshop goals and align stakeholder expectations.
- Establish a solid foundation for benefits management success.
Activities
Outputs
Introductions and overview.
Discuss attendee expectations and goals.
Complete Info-Tech’s PPM Current State Scorecard.
- Info-Tech’s PPM Current State Scorecard report
Perform right-wrong-confusing-missing analysis.
- Right-wrong-confusing-missing analysis
Define target state for benefits management.
- Stakeholder alignment around workshop goals and target state
Refine project levels.
- Info-Tech’s Project Intake Classification Matrix
Module 2: Establish Benefits Legitimacy During Portfolio Intake
The Purpose
- Establish organizationally specific benefit metrics and KPIs.
- Develop clear roles and accountabilities for benefits management.
Key Benefits Achieved
- An articulation of project benefits and measurements.
- Clear checkpoints for benefits communication during the project are defined.
Activities
Outputs
Map the current portfolio intake process.
Establish project sponsor responsibilities and accountabilities for benefits management.
- Info-Tech’s Project Sponsor Role Description Template
Develop organizationally specific benefit metrics and KPIs.
- Info-Tech’s Benefits Commitment Form Template
Integrate intake legitimacy into portfolio intake processes.
- Intake legitimacy process flow and RASCI chart
- Intake legitimacy SOP
Module 3: Maintain Benefits Legitimacy Throughout Project Planning and Execution
The Purpose
- Develop a customized SOP for benefits management during project planning and execution.
Key Benefits Achieved
- Ensure that all changes to the project have been recorded and benefits have been updated in preparation for deployment.
- Updated benefits expectations are included in the final sign-off package.
Activities
Outputs
Map current project management process and audit project management documentation.
- Customized project management toolkit
Identify appropriate benefits control points.
- Info-Tech’s Project Benefits Documentation Workbook
Customize project management documentation to integrate benefits.
- Deployment of legitimacy process flow and RASCI chart
Develop a deployment legitimacy process flow.
- Deployment of legitimacy SOP
Module 4: Close the Deal on Project Benefits
The Purpose
- Develop a post-project benefits realization process.
Key Benefits Achieved
- Clear project sponsorship accountabilities for post-project benefits tracking and reporting.
- A portfolio level benefits tracking tool for reporting on benefits attainment.
Activities
Outputs
Identify appropriate benefits control points in the post-project process.
Configure Info-Tech’s Portfolio Benefits Tracking Tool.
- Info-Tech’s Portfolio Benefits Tracking Tool
Define a post-project benefits reporting process.
- Post-Project legitimacy process flow and RASCI chart
Formalize protocol for reporting on, and course correcting, benefit lags.
Develop a post-project legitimacy process flow.
- Post-Project Legitimacy SOP
- Info-Tech’s Benefits Legitimacy Handbook
- Info-Tech’s Benefits Legitimacy Workflow Template