Benefits and Portfolio Management

Outfit Consulting provides a Benefits and Portfolio Management service tailorable to meet the needs of any sized organisation and portfolio of change initiatives. The organisation’s portfolio may include change initiatives focussed on IT and applications implementation, people and staffing changes, process and interfacing changes, legislative and regulatory alignment, etc.

Approach

At Outfit Consulting, we tailor our approach and outputs (deliverables) to ensure the outcomes of the consultancy meet the specific needs of your organisation. Components of any of our service areas may be included in a consultancy to fit the needs of your organisation. A typical approach to Benefits and Portfolio Management service may include the following activities:

• Selection of agreed pilot initiative to conduct the Benefits and Portfolio Management service implementation;
• Development of tailored templates and processes (see below) to implement, trial-run and modify the Benefits and Portfolio Management approach; and
• Training select personnel in the application of the Benefits and Portfolio Management approach.

Deliverables

Outputs from the Benefits and Portfolio Management consultancy may include the following deliverables, templates and processes:

• Business Case development;
• Benefits Realisation planning and monitoring;
• Portfolio map development.

Outcomes That Fit Your Needs

By engaging with Outfit Consulting, and using a tailored approach and deliverables, the outcomes for your business might be, for example:

• Increased understanding of the number and relationships of ‘projects’ (investments) going on in your business;
• Increased ability to ‘rank’ and prioiritise and target ‘projects’ for funding and other resourcing;
• Increased confidence in the relationships between the business case you have approved / resourced, and the ability of the organisation to benefit from the targeted outcomes;
• Increased understanding of the number of ‘projects’ which may be targeting the same organisational benefit, and ability to rationalise the portfolio of initiaitves to a more focussed few; and
• Increased chance of success in the implementation and institutionalisation of desired changes.

This service offering is ideally linked to Outfit’s Change Management service.

Clients

Outfit Consultants have delivered Benefits and Portfolio Management services to a variety of companies including:

• BHP Billiton Iron Ore;
• Rio Tinto Iron Ore – Pilbara Iron;
• West Australian Department of Health;
• Woodside Energy Limited

Further Information

For further information about Outfit Consulting’s Benefits and Portfolio Management service, and to discuss the requirements particular to your organisation, please contact us.