Portfolio management is a corporate, strategic level process for co-ordinating successful delivery across an organisation’s entire set of programmes and projects. The objectives of portfolio management are to:
- Obtain the highest return (in financial and/or performance terms) for available resources given an acceptable level of risk
- Ensure balance – in terms of investment types and organisational strategies
- Ensure funding allocations reflect business priorities
- Reallocate funds when performance deteriorates and/or priorities change
- Manage dependencies, constraints and minimise double-counting of benefits
- Manage portfolio-level risk and uncertainty
- Provide transparent reporting on performance from strategic intent to benefits realisation.
Ripple can provide integrated, active, repeatable processes to manage investments at an enterprise level (from strategic intent through to benefits realisation). Central to this approach is an independent Value Management Office acting as an intelligent customer. Our services include:
Portfolio management (project selection criteria; investment appraisal; portfolio prioritisation) – “doing the right things” by making evidence based decisions that:
- Are determined by the projects’ Attractiveness, Achievability and Affordability (“3 A analysis”)
- Align IT investment with business priorities and investment principles
- Adjust the composition of the portfolio when appropriate.
Performance management – “doing things right”, is used to manage delivery by:
- Transparent/clear line of sight reporting
- Continued funding linked to performance including realisation of forecast benefits
- Allocating funding incrementally (only guaranteed to the next gate review).
Delivery and Business Planning
Ripple has a number of years experience in developing Delivery Plans for Government clients, as part of the Spending Review allocations process. Delivery Plans are developed following consultations with a broad range of stakeholders. They set out the units funding priorities and outline the activities they intend to undertake over the SR period. Key components of the Delivery Plan include:
- Strategic vision and objectives
- Key deliverables and milestones
- Cost and benefits forecast
- Risk analysis.
For private sector clients, our business planning approach will help you in developing a winning Business Plan for your product or business:
- written from the audience perspective
- demonstrating thorough and comprehensive market research
- clearly outlines the competitive position
- provides a credible implementation plan
- includes accurate and realistic financial projections.
Business Case Development
Business cases describe investment opportunities so that decision makers can make informed choices about whether to fund them. Often they fall far short of expectation and are shelved once approved. Research shows that failing programmes rarely have strong business cases. It’s important to select the right business investments and to make sure a project realises its anticipated benefits once implemented. A compelling business case significantly improves the chances of realising the project benefits as it sets the strategic direction for the project and can be used to engage stakeholders and lock-in their commitment to project success.
Ripple will manage the business case process to: gain commitment from stakeholders through collaborative engagement; ensure alignment to strategic objectives; focus on the business change that is being delivered (not the technology solution) and provide a thorough assessment of the benefits to be realised. Ripple will also work with senior management to define ongoing reporting metrics and controls to ensure that the Business Case remain a living document that is embedded within the projects governance.
90% of projects do not meet time, cost and quality targets. Only 9% of large, 16% of medium and 28% of small company projects were completed on time, within budget and delivered measurable business and stakeholder benefits [Standish Group Chaos Report]. There are many reasons for such failures. As per a KPMG survey of 252 organizations, technology is not the most critical factor. Inadequate project management implementation constitutes 32% of project failures, lack of communication constitutes 20% and unfamiliarity with scope and complexity constitutes 17%. Accordingly 69% of project failures are due to lack and/or improper implementation of project management methodologies.
Ripple provides a range of project management activities from strategic programme management to the setting up of process-led project management offices.
Ripple facilitators have extensive experience in running structured workshop events, meetings and away days bringing together diverse groups to work on critical issues that make a real difference to the organisation. These events can be a focused and inclusive way of making rapid progress to generate ideas, resolve conflict, create action plans, reach a decision or to mobilise a project.
Personal Development Training
Ripple is able to provide tailored in-house training programmes, using certified trainers, on a range of personal effectiveness topics including Neuro-Linguistic Programming (NLP), hypnosis and super memory training. We also arrange a number of public trainings each year – please contact a representative for our latest schedule.