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?
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?
So often, in my experience, the case for a project has been made well before the business case has been written – in which case the business case is written entirely to confirm some managers whim that his pet project is a good idea. I once had to write a long, in depth business case, … Continue reading The business case
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?
To recap on my previous post managers who commission a project need to think about the following: Be clear about the benefits they are buying - your project is costing £xxx what are you getting for that money? Are you sure? failing projects do not have brilliant business cases That in most cases you can trace … Continue reading How to make sure your project has benefits!
I was clearing out an old folder before starting a new job this week and found an old list that I used to have in the front of all my journals to remind myself the key issues when managing a project. In researching this post, I see that this list is as old as time … Continue reading What and why and when and how and where and who!
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?
A hugely important part of the role of Project Manager is the meetings they chair, either board meetings with more senior staff or team meetings with colleagues. Their demeanour at these meetings is crucial to the confidence everyone will have with the project and how it is progressing so the following tips might help: Preparation … Continue reading Meeting advice for project managers
Many people are aware of the old adage Perfect Planning Prevents P*** Poor Performance but very few people really take this to heart, however I have found it a perfect way to remember to put the effort in up front in order to ensure success in any project. In my experience, many bosses are reluctant … Continue reading P P P P P P Planning..