Product/Services Overview:
BENEFIT REALIZATION: Smart City & Initiative Benefit Realization Strategy service as the part of SDP’s Management Consulting & Government Advisory service offering for Public, Private and Social sector clients.
Product/ Service Delivery Duration:
Min 2-3 months depending upon Size of offering required and Scope of Work.
Ideal Client Type:
Public, Private and Social sector clients: International Agencies, National Governments-Ministries; Local Governments-Municipalities, Development Authorities, Smart City SPVs/ offices, Private Companies.
What is in the package of Product/Services (Deliverables)?
Smart City & Initiative Benefit Realization Strategy, Framework report and guidelines.
Product Offering/SoW Overview:
- Identify Benefits to determine whether projects, programs, and portfolios can produce the intended business results.
- Execute Benefits management to minimize risks to future benefits and maximize the opportunity to gain additional benefits.
- Sustain Benefits to ensure that whatever the project or program produces continues to create value.
- Gather real-time performance metrics.
- Compare actual against business case.
- Automation Vendor agnostic.
- Consistent planning, forecasting and analysis.
- Benefits and associated assumptions, and how each benefit will be achieved.
- Metrics, including KPIs, and procedures to measure progress against benefits.
- Roles and responsibilities required to manage benefits.
- How the resulting benefits and capabilities will be transitioned into an operational state to achieve benefits.
- How the resulting capabilities will be transitioned to the individuals, groups, or organizations responsible for sustaining the benefits.
- Processes for determining the extent to which each project or program benefit is achieved prior to formal closure.
Key Benefits:
A better understanding of both project success and how to adjust business strategy when efforts fail to create documentable results.
Equitable resource consumption.
Avoidance of major delays.
Strategic goals of Smart City Programme.
Effective change management.
Prevention of significant errors or missteps
Building strong connections between the broader initiative, the specific project and each business benefit.
The selection of dependable management and leadership.
A solid framework designed with actionable goals in mind.
Additional Free Offerings:
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BENEFIT REALIZATION
- Lack of benefits realization or information about the smart city initiatives restrict businesses meet their strategic goals.
- Too complex understanding about the smart city initiatives to comprehend, necessitating the need for costly training.
- Lack of using knowledge management platform related to benefit realization tools incorrectly can waste time and money, preventing operational efficiency. Ultimately, problems such as this one can even go so far as to jeopardize a business’ standing in the marketplace.
- Without a vision of how the collected information will help achieve an organization’s goals, a knowledge management system and understanding about benefit realization may be vastly underutilized, essentially rendering it useless.
- Resourcing issues.
- Too many stakeholders.
- Unmet funding needs.
- Poor change management.
- Limitations imposed by otherwise-useful organizational rules.