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?

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?