Investment Management Standard (IMS) facilitated workshops
For information of facilitated workshops by Ideas Advisory follow this link.
IMS Testimonials
What the practitioners are saying
Whereas many mainstream methodologies focus on either operational excellence or project delivery, this focuses on a scope that crosses from operations, through implementation and back to the operational state. This makes it unique and fills a logical gap that has been in existence for some time.
The framework has had a significant impact on how people think about business cases within the Department of Human Services. This has happened because of the value of the process, not because we dictated a standard.
The Victorian State Government’s Department of Treasury and Finance in Australia recently issued the latest version of its popular Investment Management Standard. The standard comprises an innovative approach to achieving focus and clarity of thought in the development of proposals for government investment. It has proven to be a highly effective set of tools with which executives can regain control of commonsense discussion of the core elements of a business case: the problem, the benefits, the strategic response, and the solution. Ovum recommends that all agencies review the Investment Management Standard website and consider adopting its practices.
An Investment Logic Map should be developed before putting pen to paper. It immediately provides a clear statement of purpose around which the business case is built. Their use is becoming common practice in this organisation.
As the responsible project manager for a planned investment, I found participating as a silent observer at the Investment Logic Mapping (ILM) Workshop provided me with a confident and in-depth understanding of the business managers’ expectations. The rigour of the process summarises the business case for a project with more clarity than I have seen before. The value of the outcomes relative to the effort input is fantastic.
Highly valuable process; addressing problems to achieve community outcomes
What distinguishes this approach is its focus on realising real and practical strategic and operational benefits that fit the key priorities for government.