Benefits of smart meters downgraded….is that a surprise?

The disastrous smart meter project in the UK has now had the expected benefits downgraded to just £11 per participating household per year.   I wonder if this project was yet another vanity project that did not have a robust business case?  Even at £22per household per year how did that justify a multi billion ££ … Continue reading Benefits of smart meters downgraded….is that a surprise?

How realistic are your benefits predictions?

We are all used to seeing business plans with lists of mouth watering benefits predicted for the project - but how realistic are they?  Have they been through a serious scrutiny? I catagorise benefits in the following ways: Green - Green means that there is a high level of confidence and empirical evidence that the benefit … Continue reading How realistic are your benefits predictions?

Bad business cases lead to bad projects…

Today's news that the Better Care project, to merge health and social care in the community has failed to deliver any benefits comes as no surprise to me. http://www.bbc.co.uk/news/health-38894593 Let me first say I do not have first hand experience in this exact area but I do have experience in local authorities and in business … Continue reading Bad business cases lead to bad projects…

Benefit Analysis – what are your benefits going to be?

Benefit Analysis How does a business work out what the benefits will be?   Following on from my post on the Benefits Realisation Process,  I devised a method for this. Log the benefit – spreadsheets work well for this Record the value, use of time saved etc Classify the benefit Classification Cashable, non cashable, intangible, … Continue reading Benefit Analysis – what are your benefits going to be?

Why do so many projects fail to deliver the benefits claimed?

In a previous job, I was involved in writing business cases and when I was asked to write the first one, I discovered that the organisation had no formal methodology for writing one and so I researched the area and developed a method of writing a business case with a clear, and realistic benefits realisation … Continue reading Why do so many projects fail to deliver the benefits claimed?