Investment Management Standard workshops and examples

Overview

There are four workshops in the IMS suite.


There are four workshops in the IMS suite:

1.         Problem Definition Workshop

Successful investments are a considered reaction to an identified or emerging problem. This workshop focuses on:

  • defining the problem that needs to be addressed;
  • validating that the problem is real; and
  • specifying the benefits that will result from addressing the problem.

The output of this workshop is the first version of an Investment Logic Map (ILM) with the problems and benefits defined.

Examples:

The Investment Logic Map – Initiative is for single investments

IMS Example Noojee ILM (PPTX 72kb)

IMS Example Port ILM (PPTX 73kb)

The Investment Logic Map – Program is for a program of new investments. Examples are currently under development and will be published shortly.

The Investment Logic Map – Organisational is for single investments. Examples are currently under development and will be published shortly.

2.            Benefit Definition Workshop

Investments are often shaped with little understanding of the benefits expected to be produced. This workshop will:

  • identify the KPIs and measures and potentially targets and timelines that the investment will need to deliver; and
  • specify how the delivery of the benefits will be measured and reported.

The output of this workshop is a Benefit Management Plan (BMP) made up of a Benefit Map and Benefit Profile.

Examples:

The Benefit Map

IMS Example Noojee BM (PPTX 77kb)

IMS Example Port BM (PPTX 70kb)

The Benefit Management Plan

IMS Example Noojee BMP (DOCX 75kb)

IMS Example Port BMP (DOCX 74kb)

Benefits Definition Checklist

IMS Benefit Definition Checklist (PPTX 88kb)

3.            Response Definition Workshop

Business cases for new investments often fail to consider the full range of things that Government can do to address the identified problem. This workshop will:

  • explore the interventions that could deliver the expected benefits and KPIs;
  • formulate and evaluate a mix of response options;
  • consider interventions and options that focus on managing demand, improving productivity as well as changing supply; and
  • assess response options and select the preferred response for the expected future state.

The output of this workshop is a Response Options Analysis Report (ROAR).

Examples:

The Response Options Analysis Report

IMS Example Noojee ROAR Worksheet (XLSM 81kb)

IMS Example Port ROAR Worksheet (XLSM 100kb)

IMS Example Noojee ROAR Report (DOCX 32kb)

IMS Example Port ROAR Report (DOCX 35kb)

4.            Solution Definition Workshop

This workshop ensures that attendees  develop a solution that is consistent with the foundations established in previous workshops. This workshop will:

  • confirm the preferred response (following cost and timeframe assessment) and the interventions it contains;
  • identify and evaluate the changes and assets that are required to implement the preferred response and deliver the benefits;
  • define a recommended solution for the expected future state;
  • confirm the circumstances (change in condition or an event) where the preferred response may be inadequate or inappropriate, and the triggers requiring a change in response;
  • identify cost range, timeframe for project and benefit delivery, key risks and uncertainties, dis-benefits and critical interdependencies associated with the recommended solution; and
  • consider any policy levers and policies that may impact this solution and identify any action or areas to investigate further as the project progresses.

The output of this workshop is an Investment Concept Brief (ICB).

Examples:

The Investment Concept Brief

IMS Example Noojee ICB (DOCX 47kb)

IMS Example Port ICB (DOCX 48kb)