Implementing a benefits management framework
Benefit Management
•
5m 3s
Steve Jenner, an expert on benefits, expresses concerns about the prevalent frameworks in use. He observes that a vast majority of the frameworks seem to be reiterations of previous ones, often resembling each other in content and approach. They seem to be developed in isolation, borrowing heavily from past frameworks, making them appear generic and redundant. Jenner emphasizes the need for specificity over generic content. Instead of just borrowing, he suggests removing generic elements and focusing on developing specific, tailored content. He promotes an iterative development process, suggesting that sections of the framework be left blank initially and filled over time. Crucially, Jenner highlights the importance of co-designing these frameworks in collaboration with a diverse group of stakeholders, ensuring that the resulting product is both comprehensive and relevant.
Up Next in Benefit Management
-
Benefits Management
Here Rod tells us how important benefits are and should therefore be at the top of the agenda, keep an eye out for vanishing benefits and look out for additional benefits. He also encourages program leaders to be upfront and accurate about disbenefits as they are identified.
-
Project benefit insights
Steve Jenner tackles some tricky project issues: Pet projects, No brainer projects, Intangible benefits, the economists' approach to benefits and what is benefits management all about then?
-
Benefit focused projects
Steve Jenner summarises the traditional version of outputs, outcomes and benefits, then introduces the Victorian standard, looking at investment drivers, objectives and problems and solutions as the last step. Turning benefits thinking on its head. In the end, focus on the benefits, not the outputs!
