Barry Hudson - Nissan Canada Finance

Automating Processes Systematically

Evaluate, Justify, Define How Nissan Canada Finance saved money and facilitated growth

EFFECTIVE GOVERNANCE

DOING THE RIGHT THINGS RIGHT

Obstacles To Execution

Source: Harvard Business Review (HBR) – The Execution Trap

Governance

Performance Conformance

Value Creation

Resource Utilization

Accountability

Assurance

Source: IFAC – Evaluating and Improving Governance in Organizations

Governance Framework

Strategic Impact

Assessment

Select Initiatives Through A Portfolio Approach

Tangible Value Drivers

Reduced budget overruns: ROI benchmark study[1], budget overruns can be reduced by 3.1% in year 1 and by 3.4% over

3. Another study[2] found that users of PPM decreased their cost overruns by

approximately 10%.

Avoidance of expense on non-strategic projects: 8 companies that have deployed Project and Portfolio Management software show a 7.8%

reduction in budget for year 1 and 12.6% reduction over 3 years. Surveys show that

10% of projects are either low-value or redundant.

Reduced labour expense due to change requests: Study found that labour expense due to change requests was reduced by 4.5% in year 1 and

7.0% in the 3 year period.

Reduction in project failure rate: Organizations would see a project failure decrease of close to 15%.

[1] The Gantry Group, LLC, ROI Benchmark Study Report: Project and Portfolio Management Center, January 2008. [2] Forrester Research, The ROI of Project Portfolio Management Tools, May 8, 2009.

Managed Company Portfolio

Deciding Priorities

Initiative Contribution to Strategy

Define Budget

Capture Benefits

Process Improvement Benefits

Evaluate Risk

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Monitor