How can you unlock the value of your program investments? Achieving initiative success requires understanding the entire program life cycle — we call this “the program and project continuum.” A misstep at any major phase along the way can have significant consequences, affecting performance and the achievement of planned outcomes. Unfortunately, the vast waste in spending for under-performing or failed projects by companies is both unnecessary and avoidable. We continue to see inadequate techniques being applied, lacking focus, and disjointed management along the full continuum. By understanding where and how programs and projects get off-track in delivering their value, you can proactively balance an early mitigating response consistent with success goals. EY has identified a series of processes and tools that will aid in improving program investment performance and deliver better value, with fewer surprises. Portfolio governance Program governance Project life cycle Idea Program portfolio Pre-planning Formation Execution Closure screening management cle y e c Lif Start Implementation Benefits delivery tions 1 2 3 4 5 s Are you Are you ready Is your project How well are Are your people Que doing the to run a set up your important aligned towards right projects? major project? for success? projects doing? success? Idea Project portfolio Complexity Predictive indicator Multi-dimensional Decision priority ools screening analysis analysis diagnostics cube risk analysis analysis T • Quickly capturing project • Linking projects to • Determining the ability of • Proactively making • Improving insights on true • Improving alignment of ideas with greatest total business strategy and the organization to execute informed decisions to project performance and executives and project teams for economic value determining gaps or against a measured project's establish the proper hidden risks to enable effective operational trade-off alue • Providing consistency and cancelation decisions complexity and inherent foundation for successful decision-making for the decisions consistent with the risk, before starting execution to avoid greatest positive project project's success objectives unbiased analysis prior to • Balancing and issues and surprises impact in-depth ROI and business prioritizing the portfolio • Increasing the ability to • Giving clarity on stage-gate case analysis/development for the greatest overall influence outcomes by • Understanding forward • Ability to focus and tune criteria for more effective team Primary v investment, risk and reward adapting the project's looking risks along processes for increased project focus and objective-based design, team, processes defined success criteria performance and optimal “Go/No-Go” decisions at and controls benefit realization implementation 2 | Unlocking the value of your program investments