KeyCore - Totally Optimized Projects

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A short description of the Totally Optimized Projects approach to value delivery. We need to change the game and focus on value delivery as opposed to project delivery. The desired business outcomes need to be linked to the benefits to be realized and the corresponding value gained. The project delivery process is only a vehicle for the delivery of the business results. KeyCore are accelerators of the shift from project delivery to value delivery and can help you make the move thereby increasing your ROI....
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  • 1. Presentation of Totally Optimised Projects model
  • 2. TOTALLY OPTIMISED PROJECTS March 20, 20152
  • 3. TOP is internationally recognized (TOP) makes a poignant contribution to improving the practice of management especially relating to design and execution of projects of various kinds Professor Frank M. Horwitz, Director/Dean Cranfield School of Management, United Kingdom Why Cool: Ensuring that projects actually deliver value is an arcane art. Most people who are proficient at the art of delivering value learned it through experience. The niche that TOP fills in the strategy execution field is providing explicit instructions through a series of step-by-step instructions on how to achieve benefits. Donna Fitzgerald, VP Research, Gartner, May 2011 Outstanding Australian Innovation Award “TOP has taken the aspects of project management that we talk about but don’t do, and made them possible for anyone to adopt and use. It has codified the previously un-coded steps that make or break a project.” AIIA Awards Evaluation Committee “World class. Three to five years ahead of the competition.” Professor James McKinney, Harvard Business School
  • 4. Imagine §  One tool that ….. §  Increases the targeted and realized value of your projects §  Increases your level of control over projects and their results §  Eliminates significant wasted time, cost and lost value §  Imagine that you could…. §  Increase the value of the benefits value realized from under 50% to over 90% §  Reduce the cost of projects by 40% while retaining over 90% of the available value §  Stop failing, unviable, set-up-to-fail projects early to avoid wasting money §  Increase the number and value of the targeted benefits and value – often by over 100% 4
  • 5. The Value Equation equips you to be value-based and value delivery focused §  Most project delivery methods are NOT value focused. Indeed, many would argue that benefits are not their concern. §  Many of the processes required to deliver the desired business value from projects are missing — they are not required for just project delivery. §  Some of the processes used today (eg the Business Case generation process) inadvertently miss, lose or destroy value as they are not set up to maximize and optimize it. §  You cannot improve this situation by becoming ‘better’ at executing your existing processes — you need to introduce something new. The TOP Value Equation™ 5
  • 6. The Value Equation is simple but highly effective Outcomes dependency roadmap Clear, specific, measurable desired business outcome statements Clear, specific, measurable business benefits Clear, specific, trackable financial benefits Clear, complete and measurable change activities The TOP Value Equation™ 6
  • 7. WHAT IS SUCCESS? March 20, 20157
  • 8. KeyCores definition of success Our definition of success is: “The total, effective delivery of the optimized business outcomes, their associated business benefits and (net) value.“ To explain: §  total - not part, but that everything agreed to be delivered is totally delivered §  effective delivery - delivered in a way that can be used, with minimal disruption and easy adoption §  optimized - only the high-value outcomes delivered, with the high- cost/low value outcomes eliminated before approval is given to proceed §  business outcomes the desired clearly defined, specific, measurable business-as-usual end states operating ‘just right’ §  business benefits the total delivery of the benefits associated with each outcome that improve business performance §  (net) value the total delivery of the available-at-the-time value (which may be legitimately different to the originally quantified value) minus the optimized costs of delivery. 8
  • 9. NEXT STEPS March 20, 20159
  • 10. Start with The Value Equation – a simple process
  • 11. Try one or all of the following §  Value Equation §  Pick an existing project and try the Value Equation to see the difference in the results achieved §  Pick a project in initiation phase to see the results §  Conduct a Value Delivery Diagnostic (review) on an existing project – a new version of the business case based on value? §  Training §  Train and empower your employees in how to use the TOP approach to get best results §  Tailor the training to your specific needs §  Full TOP Model implementation §  Implement the full TOP model, by defining and implementing a roadmap, to ensure successful execution of the strategy and total focus on value delivery. This could be done on a project, program or portfolio level.
  • 12. Process for generation of full Value Equation 12
  • 13. Contacts Græsdammen 23, 2840 Holte John D’Arcy Sales Director Tel: +45 40 89 88 39 Email: jd@keycore.dk
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