The first day and a half of the course focuses on Investment Management Standard (ILM) Part 1 – Problem Definition and the Investment Logic Map. It is an intensive, practical course introducing critical elements of the Investment Management Standard and in-depth exploration of the scope, intent, facilitation and quality assessment of the Problem Definition workshop and the Investment Logic Map. It introduces specific techniques and tools that builds learner’s capability in the application and facilitation of the Problem Definition workshop and its use in business case preparation, strategic planning and investment prioritisation.
The second day and a half covers the Investment Management Standard (ILM) Training Part 2 - Benefit, Response and Solution Definition and driving value from investment decisions course. It covers the intent, workshop tools and facilitation techniques that will enable participants to facilitate workshops and prepare high quality Benefit Management Plans, Response Options Analysis Reports, and Investment Concept Briefs. Products from the workshops form the executive summary of a case for change.
Class size is small with typically 8-10 participants. Our approach prioritises active learning and enables customisation of learning experiences to the needs of individual participants. Training incorporates stimulating formal presentations, targeted practical exercises and high levels of class participation.
The key areas covered are:
Principles of the Investment Management Standard
Focus of the workshops in the Investment Management Standard suite
Problem Definition workshop scope and techniques and tools
Preparing and assessing Investment Logic Maps
Preparing a desk Investment Logic Maps
Benefit definition and specification of KPIs, Measures, Baselines and Targets and preparation of a Benefit Map and Management Plan
Response definition and shaping and assessing a range of robust strategic options
Solution definition and detailing of innovative and feasible solutions that delivers best value from the resources allocated and address the major problems identified in the Problem definition workshop
Program level workshops and the development of longer-term strategic cases to address complex, larger scale problems and challenges
Accreditation requirements and process
Progressing participants’ desk Investment Logic Maps
Course participants will:
Understand the principles, intent and importance of the Investment Management Standard in investment planning, prioritisation and decision-making
Understand when the Investment Management Standard workshops can be used
Apply skills in unpacking a problem and shaping robust evidence-based problem statements
Practice aspects of workshop facilitation and workshop participation
Develop assessment skills to test the quality of an Investment Logic Map
Prepare a desk ILM
Understand the principles, intent and importance of the each of the workshops in the Investment Management Standard suite
Become familiar with the quality requirements for each of the workshops and the workshop products
Participate in simulated workshops across the suite of initiative level workshops
Become familiar with Benefits Maps and Plans to enhance verification of the relationship between the identified problems and the benefits and KPIs outlined in the business case
Outline the critical features of the strategic options shaping and analysis and how to encourage more genuine strategic options development and analysis in business cases and investment decisions
Apply analytical and workshop skills to lead and/or support the Benefit, Response and Solution workshops
Practice aspects of workshop facilitation and workshop participation
Experience peer review of participants’ desk ILMs
Participants will receive training manual which covers all the materials and activities covered in the course