Value destruction: Why most projects fail to realize the benefits used to make the business case for change (and how to address it)

#apmvaluedestruction

A project business case would (should) ordinarily include a comprehensive, analytically derived Cost/Benefit Analysis. The basis for approval of a business case is that the capital investment required to deliver the project will be outweighed by the financial and/or non-financial benefits that will be delivered.

There are three major factors that contribute to the expected business value from project investments not being achieved:

1. Value Exaggeration - an Overly optimistic Cost/Benefit analysis,
2. Value Destruction - Delays in project and programme delivery, and
3. Value Decay - Not transferring the value to the business.

The workshop & subsequent presentation will explore methods and techniques for linking the business case with project output delivery to realise business benefits and value from project investments.

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Matt Williams is the Managing Director of Connexion Systems, a results-driven organisation that provides innovative systems for organisations to deliver business outcomes consistent with corporate strategy. Australian clients include NSW Health, Federal Treasury, Boeing, Brisbane City Council.

Matt has 15 years of experience in the development and deployment of project management systems, and over the past 3 years he has focussed on how organisations can realise the maximum business value from project investments.

Matt gained his Project Management Professional (PMP) certification from the Project Management Institute in 2003, and has been a Member of the Australian Institute of Project Management (MAIPM) for over 10 years.