What are the key elements of MSP?
These outline the key characteristics of successful programmes. The seven principles are:
Remaining aligned with corporate strategy – A programme is typically a large investment that should make a significant contribution towardsachieving corporate performance targets, maintaining good links with sometimes volatile corporate strategy
Leading change – In a programme, leading change includes giving clear direction, engendering trust, actively engaging stakeholders, appointing the right people at the right moments, and living with a measure of uncertainty
Envisioning and communicating a better future – A programme is relevant where there is a need to achieve transformational change. In order to achieve such a beneficial, future state,the leaders of a programme must describe a clear vision of that future and then communicate it consistently
Focusing on the benefits and threats to benefit realisation – The programme should be aligned to satisfying strategic objectives by realising the end benefits. Thus the programme’s boundaries, including the projects and activities that become part of the programme, are determined to enable the realisation of these end benefits and the effective management of any risks related to that realisation.
Adding value – A programme only remains valid if it adds value to the sum of its constituent projects and major activities. If it is found to add nothing then it is better to close the programme and allow the projects to proceed, coordinated independently by corporate portfolio management
Designing and delivering a coherent capability – The programme will deliver a business architecture or final capability. This should be released into operational use according to a schedule delivering maximum incremental capability (and therefore benefits) with minimal operational impact
Learning from experience – A programme should review and improve its own performance during its life. Good governance requires managing the different themes with regular adjusting and adapting on the basis of experience and results so far