Maximize Business Value from IT Through Benefits Realization
Embed lightweight value checking into your governance process.
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. |
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| 1.2 | Discuss the mission and vision of the company, and why it is important to establish the target state prior to defining value. |
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| 1.3 | Brainstorm and narrow down organization value drivers. |
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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. |
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| 2.2 | Establish launch dates, accountabilities, and exception handling on processes. |
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| 2.3 | Devise compliance monitoring and exception tracking methods on the benefits realization process. |
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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. |
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| 3.2 | Determine the trigger events that may cause off-cycle revisits to value. |
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| 3.3 | Devise compliance monitoring on value definition. |
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