Successful portfolio and programme management requires a number of factors such as inspirational planning, brilliant design that aligns well with the value proposition, excellence of development, good governance, effective assurance etc.
And, business change portfolios should be dominated by benefits-led decision-making to select the best programmes and projects aligned with business objectives and goals as agreed. In order for this to happen, benefits realisation management needs to be a core activity that is well managed and fully integrated with strategic and operational business planing to enable confidence of benefits planned actually being realised.
Typically this doesn't happen, and most change initiatives fail to deliver benefits as planned for a variety of reasons.
In order to ensure that successful outcomes are achieved, a number of principles and ways of working need to be implemented as part of any effective portfolio and programme management approach i.e. start with the end in mind.
We have considerable experience in setting up change inititiatives for success where benefits management is a key factor amongst many that you may want to discuss further