Maximize Business Value from IT Through Benefits Realization
Maximize Business Value from IT Through Benefits Realization
Embed benefits realization into your governance process to prioritize IT spend and confirm the value of IT.
Onsite Workshop
Without a solid benefits realization process in place:
IT and the business are often misaligned because business value is not well defined or communicated.
Decisions are made without a shared perspective of value, resulting in cost misallocation and unexploited opportunities to improve efficiency and drive innovation.
IT struggles to demonstrate how it provides value from its investments.
IT is being perceived as a cost center because of the inability to articulate value.
A solid benefits realization process:
Forms a common understanding of what is valuable within the organization to drive growth and consistent strategic decision making.
Equips IT to evaluate, direct, and monitor investments to support the achievement of organizational values and business benefits.
Aligns IT spend with business value through an enhanced governance structure to achieve cost optimization.
Ensures IT provides visible contribution to the creation and maintenance of value.
Module 1: Understand Business Value
The Purpose
Establish the business value statement.
Understand the importance of implementing a benefits realization process.
Key Benefits Achieved
Unified stakeholder perspectives of business value drivers
Establish supporters of the initiative
Activities:
Outputs:
1.1
Understand what governance is and how a benefits realization process in governance will benefit the company.
Stakeholder buy-in on benefits realization process
1.2
Discuss the mission and vision of the company, and why it is important to establish the target state prior to defining value.
Understanding of interrelations of mission, vision, and business value drivers
1.3
Brainstorm and narrow down organization value drivers.
Final three prioritized value drivers
Completed business value statement
Module 2: Incorporate Benefits Realization Into Governance
The Purpose
Establish the intake, assessment and prioritization, and output and monitoring processes that are involved with implementing benefits realization.
Assign cut-over dates and accountabilities.
Establish monitoring and tracking processes.
Key Benefits Achieved
A thorough implementation plan that can be incorporated into existing governance documents
Stakeholder understanding of implemented process, process ownership
Activities:
Outputs:
2.1
Devise the benefits realization process.
Benefits realization process incorporated into governance documentation
2.2
Establish launch dates, accountabilities, and exception handling on processes.
Actionable plan to implement benefits realization process
2.3
Devise compliance monitoring and exception tracking methods on the benefits realization process.
Reporting processes to ensure the successful delivery of the improved governance process
Module 3: Ensure an Accurate Reference of Value
The Purpose
Implement a process to ensure that business value drivers remain current to the organization.
Key Benefits Achieved
Align IT with the business and business to its environment
Activities:
Outputs:
3.1
Determine regular review cycle to reassess business value drivers.
Agenda and tools to assess the business context to verify the accuracy of value
3.2
Determine the trigger events that may cause off-cycle revisits to value.
List of possible trigger events specific to your organization
3.3
Devise compliance monitoring on value definition.
Reporting processes to ensure the continuous adherence to the business value definition
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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 road map in place to complete your project successfully.
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