Benefits Management Plan for WA Schools Public Private Partnership Project

PROGRAM AND PORTFOLIO MANAGEMENT
Program and Portfolio Management
1

PROGRAM AND PORTFOLIO MANAGEMENT
Create a benefits management plan for an authentic project or program, utilizing benefits
Management theory.
In the case of WA Schools Public Private Partnership Project, the benefits is the outcome of
changes that positively perceived by the stakeholders. It is the advantage on behalf of specific
group of stakeholders (Kerzner, 2018). It considers the perception of stakeholders and changes
outcomes.
Therefore, there are five stages of realization management of benefits in WA Schools Public
Private Partnership Project:
 Identification of benefits
 The identification process of benefits which are potential and align the strategy of
organization
 Planning of benefits
 The identification process by which Information Technology can be capable for
achieving the benefits through planning of changes (Bradley, 2016)
 Execution of benefits in order to process actions of Information Technology through
change process of an organization
These entire process stages and core activities in WA Schools Public Private Partnership Project
regarding the benefit management are shown in a table below:
Stages Activity
Structuring and recognition of Benefits in
WA Schools Public Private Partnership
Project
 It analyses the drivers for determining
the objectives of investment
 The benefits are identified which
results that the objectives are achieved
and measured
 It develops the ownership of benefits
 Recognizes the required changes and
implications of stakeholders (Zwikaelet
al., 2018)
 The first-cut business case is produced
Realization of Benefit Planning in WA
Schools Public Private Partnership Project
 It finalizes the change and benefit
measured
 Obtains all stakeholder’s agreement to
hold the accountabilities and
responsibilities
 It provides the plan of benefits and case
of investments (Benefits Dependency
Network BDN)
2

PROGRAM AND PORTFOLIO MANAGEMENT
Execution of the plan of Benefit in WA
Schools Public Private Partnership Project
 It manages the program changes
 It also review the progress against the
plan of benefits (Chihet al., 2015)
Evaluating and Reviewing the Results in WA
Schools Public Private Partnership Project
 It formally achieves the benefits
 It also initiate various actions to profit
understanding benefits whenever it is
feasible
Creating potentials for benefits further in WA
Schools Public Private Partnership Project
 It identifies the extra improvements
through these changes in business and
initiates the actions
 It also recognizes the extra benefits
form investments through Information
Technologies.
Table 1: Benefits Management Theory and its Plan
(Source: Noeet al., 2017)
The Management Plan of Benefits regarding WA Schools Public Private Partnership Project will
explain that how the project benefits will be distributed and when will be distributed. This
specific purpose of project undertaking is to provide certain types of benefits that will be the
delivering the products regarding the project (ulMusawiret al., 2017). There are several types of
benefits plan to provide benefit for various project variables.
Some plan of WA Schools Public Private Partnership Project can be considered as:
 Lowering the cost of businesses through automated processes
 By increasing the business sales with improved or new products and services
 By meeting the needs of regulatory and legislative matters
Benefits can widely classify as intangible and tangible benefits. The tangible benefit is that kind
of benefit which is capable of measuring. Example: lowering of the cost of operations.
Benefits that are intangible are cannot be accurately measured, though the benefits effects can be
analysed. Example: awareness of branding of WA Schools Public Private Partnership.
The Benefit Management Plan inputs of WA Schools Public Private Partnership Project are
come through the case of business projects. It should deal with the perfect benefits which are
expected to justify it.
Therefore in order to calculate the delivery of certain benefits like reduction of costs, a study
with baseline regarding current business costs is required for the comparison that delivers the
project processes.
3