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Page 1: PROJECT TRICKSTERS AND FRAUDS · 2020 Project Management Symposium. PROJECT TRICKSTERS AND FRAUDS: WHY BENEFITS REALISATION PRACTICES MATTER. UMD Project Management Symposium May

UMD Project Management SymposiumMay 7-8, 2020 Slide 1

Shane Perkins2020 Project Management Symposium

PROJECT TRICKSTERS AND FRAUDS:WHY BENEFITS REALISATION PRACTICES MATTER

Page 2: PROJECT TRICKSTERS AND FRAUDS · 2020 Project Management Symposium. PROJECT TRICKSTERS AND FRAUDS: WHY BENEFITS REALISATION PRACTICES MATTER. UMD Project Management Symposium May

UMD Project Management SymposiumMay 7-8, 2020 Slide 2

How do you define success?

Page 3: PROJECT TRICKSTERS AND FRAUDS · 2020 Project Management Symposium. PROJECT TRICKSTERS AND FRAUDS: WHY BENEFITS REALISATION PRACTICES MATTER. UMD Project Management Symposium May

UMD Project Management SymposiumMay 7-8, 2020 Slide 3

Template Basics

Page 4: PROJECT TRICKSTERS AND FRAUDS · 2020 Project Management Symposium. PROJECT TRICKSTERS AND FRAUDS: WHY BENEFITS REALISATION PRACTICES MATTER. UMD Project Management Symposium May

UMD Project Management SymposiumMay 7-8, 2020 Slide 4

Litigation?

Page 5: PROJECT TRICKSTERS AND FRAUDS · 2020 Project Management Symposium. PROJECT TRICKSTERS AND FRAUDS: WHY BENEFITS REALISATION PRACTICES MATTER. UMD Project Management Symposium May

UMD Project Management SymposiumMay 7-8, 2020 Slide 5

How does failure affect us?

Potentialrealisation target

Erodedbenefits

Erodedbenefits

Actual benefitsrealised

Poor structuring

Delivery andcost focus

Poor governance

Page 6: PROJECT TRICKSTERS AND FRAUDS · 2020 Project Management Symposium. PROJECT TRICKSTERS AND FRAUDS: WHY BENEFITS REALISATION PRACTICES MATTER. UMD Project Management Symposium May

UMD Project Management SymposiumMay 7-8, 2020 Slide 6

Professional tricksters and frauds?

McKinsey : 70% failure rate

PMI & Forbes: 25% success

Global Research : 8% industry growth vs 2.8% average

Deloitte : 63% - 83% not meeting cost reduction targets

KPMG: “disturbing”

Page 7: PROJECT TRICKSTERS AND FRAUDS · 2020 Project Management Symposium. PROJECT TRICKSTERS AND FRAUDS: WHY BENEFITS REALISATION PRACTICES MATTER. UMD Project Management Symposium May

UMD Project Management SymposiumMay 7-8, 2020 Slide 7

How to make your project remarkable?

Page 8: PROJECT TRICKSTERS AND FRAUDS · 2020 Project Management Symposium. PROJECT TRICKSTERS AND FRAUDS: WHY BENEFITS REALISATION PRACTICES MATTER. UMD Project Management Symposium May

UMD Project Management SymposiumMay 7-8, 2020 Slide 8

How to make your project remarkable?

Page 9: PROJECT TRICKSTERS AND FRAUDS · 2020 Project Management Symposium. PROJECT TRICKSTERS AND FRAUDS: WHY BENEFITS REALISATION PRACTICES MATTER. UMD Project Management Symposium May

UMD Project Management SymposiumMay 7-8, 2020 Slide 9

Get bad to get good or pay through the nose.

Page 10: PROJECT TRICKSTERS AND FRAUDS · 2020 Project Management Symposium. PROJECT TRICKSTERS AND FRAUDS: WHY BENEFITS REALISATION PRACTICES MATTER. UMD Project Management Symposium May

UMD Project Management SymposiumMay 7-8, 2020 Slide 10

Page 11: PROJECT TRICKSTERS AND FRAUDS · 2020 Project Management Symposium. PROJECT TRICKSTERS AND FRAUDS: WHY BENEFITS REALISATION PRACTICES MATTER. UMD Project Management Symposium May

UMD Project Management SymposiumMay 7-8, 2020 Slide 11

www.aureliusgroup.com.au

Investment assurance with benefits is your best

insurance for projects

Page 12: PROJECT TRICKSTERS AND FRAUDS · 2020 Project Management Symposium. PROJECT TRICKSTERS AND FRAUDS: WHY BENEFITS REALISATION PRACTICES MATTER. UMD Project Management Symposium May

UMD Project Management SymposiumMay 7-8, 2020 Slide 12

Questions?

Contact Shane [email protected]+61 281-144-488