PIMS of London The Value of an Integrity Managem The Value of an Integrity Management ent Process from Process from a a Business Perspective usiness Perspective Presented by: Presented by: Trent Ackhurst rent Ackhurst
PIMS Discussion Points of London 1. The Importance of Goals 2. The Drivers of Goals 3. Developing Business Strategy to Achieve Goals 4. Capabilities Required to Execute Strategy 5. Translating Strategy into Integrity Management Goals 6. Intermediate Steps of IMP from a Business Perspective 7. Review Goal Validity and Strategy Effectiveness 8. Conclusions
PIMS Process Map - IMP in wider Business Process Process Map - IMP in wider Business Process of London Business Define Business Influencers Operating Strategy Rhythm Set Functional Business Goals Specification Integrity Management Process Prioritise Segment Stakeholders Goal Identify Setting Threats Review Gather Data Business Goals Assess Review React Risk Predict Correct Evaluate Prevent Integrity Respond
PIMS of London Business Define Business Influencers Operating Strategy Rhythm Set Set Functional Business Goals Business Goals Specification Integrity Management Process 1. The Importance of Goals Prioritise Segment Stakeholders Goal Identify Setting Threats Ensuring that an organisation has a collective understanding of Review Gather IMP where it wants to be. Data Business Goals Assess Review React Risk Predict Correct Evaluate Prevent Integrity Respond
PIMS 1. The Importance of Goals . The Importance of Goals of London Business Define Business Influencers Operating Strategy Rhythm Set Set Functional Business Goals Business Goals Specification Integrity Management Process - They set business direction - They help to stretch an organisation Prioritise Segment Stakeholders Goal Identify - They form the foundation of how the success of an Organisation is measured Setting Threats Review Gather IMP - They assist in managing the expectations of Stakeholders and Influencers Data Business Goals Assess - To do so, they must be effective (S.M.A.R.T.) and well-communicated Review React Risk Predict Correct Evaluate Prevent - To do so, they need collective buy-in. Integrity Respond
PIMS of London Business Define Business Influencers Influencers Operating Strategy Rhythm Set Functional 2. The Drivers of Goals Business Goals Specification Integrity Management Process Prioritise Segment Stakeholders Stakeholders Goal Identify Setting Threats Review Who sets the goals and what factors or people Gather IMP Data Business Goals determine what goals are appropriate Assess Review React Risk Predict Correct Evaluate Prevent Integrity Respond
PIMS 2. The Drivers of Goals . The Drivers of Goals of London Business Define Business Influencers Influencers Influencers Operating Strategy Rhythm Influencers Set Functional - Influencers set the boundaries that govern whether Goals can be met Business Goals Specification - Customers / Regulators / Employees - Have an impact on strategy Integrity Management Process Prioritise Segment Stakeholders Stakeholders Goal Identify Setting Threats Stakeholders Review Gather IMP - Develop Framework for Goals to be set Data Business Goals - In Private Sector they are Shareholders Assess Review - In Public Sector they are the Government React Risk Predict Correct Evaluate Prevent Integrity Respond Types of Goals - Financial, Political, Social
PIMS of London Business Define Business Define Business Influencers Operating Strategy Strategy Rhythm Set Functional Business Goals Specification 3. Developing Business Strategy to Integrity Management Process Achieve Goals Prioritise Segment Stakeholders Goal Identify Setting Threats Review Gather IMP Data Business Goals Assess Review React Risk Predict Correct Evaluate Business Strategy is the route by which Goals can be achieved Prevent Integrity Respond
PIMS 3. Developing Business Strategy to achieve Goals . Developing Business Strategy to achieve Goals of London Business In order to Define an effective Define Business Define Business Influencers Operating Business Strategy, a Strategy Strategy Management Team must: Rhythm Set Functional - Retain Framework of Defined Goals Business Goals Specification - Understand the relevant Influences - eg Market Drivers Integrity Management Process - Understand Resource constraints Prioritise Segment Stakeholders Goal Identify Setting Threats - Challenge Technology to push the boundaries of what is achievable Review Gather IMP Data - Operate within boundaries set by Regulators and Lobbyists Business Goals Assess Review React Risk Predict Correct Evaluate Prevent Integrity Respond
PIMS of London Business Define Business Define Business Influencers Operating Strategy Strategy Rhythm Set Functional Business Goals Specification 4. Capabilities Required to Execute Strategy Integrity Management Process Prioritise Segment Stakeholders Goal Identify Setting Threats Review Gather IMP Data Business Goals Assess Review React Risk Predict Correct Evaluate Critical to ability to successfully execute Strategy Prevent Integrity Respond
PIMS 4. Capabilities Required to Execute Strategy of London Business Define Business Define Business Influencers People Operating Strategy Strategy Rhythm - Leaders are required with Domain Knowledge and Objectivity Set Functional Business Goals Specification - Resources must be in place to track performance and review - Teams must have Imagination to deliver on strategies with finite resources Integrity Management Process Prioritise Segment Stakeholders Goal Identify Process Setting Threats Review Gather IMP - Serves to break down tasks into manageable steps Data Business Goals - Governs collective direction and avoids duplication Assess Review React Risk Predict Correct Evaluate - Process requires frequent review to ensure appropriateness Prevent Integrity Respond
PIMS of London Business Define Business Influencers Operating Strategy Rhythm Set Functional Functional Business Goals Specification Specification 5. Translating Strategy into Integrity Integrity Management Process Management Goals Prioritise Segment Stakeholders Goal Identify Setting Threats Review Gather IMP Data Business Goals Assess Review React Risk Predict Correct Creating the Functional Specification that drives the Integrity Evaluate Prevent Integrity Respond Management Plan
PIMS 5. Translating Strategy into IMP Goals of London Building the Functional Specification Business Define Business Influencers Operating Strategy - The Strategies form the basis of the Functional Specification Rhythm Set Functional Functional - Internal “Mission Statements” also a Business Goals Specification Specification basis by which IMP Goals are set - This Objective-criteria is combined with more Quantitative elements Integrity Management Process Prioritise Segment Stakeholders Goal Identify Validating the IMP Goals & the Functional Specification Setting Threats Review Gather IMP - Assess impact of the IMP on each component of Functional Specification Data Business Goals Assess - Pipeline Integrity is central to O&M, rather than parallel to it. Review React Risk Predict Correct Evaluate Prevent - The exercise determines individual tactics to deliver on Functional Integrity Respond Specification
PIMS of London Business 6. Intermediate Steps of an Integrity Define Business Influencers Operating Strategy Management Process from a Business Rhythm Perspective Set Functional Business Goals Specification Integrity Management Process Integrity Management Process Prioritise Prioritise Segment Segment Stakeholders Understanding the impact of all Goal Identify Identify of the steps between Goal Setting Threats Threats Setting and Review from a Review Gather Gather IMP Data Data Business Perspective Business Goals Assess Assess Review React React Risk Risk Predict Predict Correct Correct Evaluate Evaluate Prevent Prevent Integrity Integrity Respond Respond
PIMS 6. Intermediate Steps of an IMP of London Segmentation and Prioritisation Business Define Business Influencers Operating Strategy - Serves to focus attention on the right assets first Rhythm - Various different methods or combinations of methods exist Set Functional Business Goals Specification - Allows budget tracking and cost benefit measurement Integrity Management Process Integrity Management Process Identification of Threats Prioritise Prioritise Segment Segment - Failure from a business perspective Stakeholders Goal Identify Identify Setting Threats Threats - Allows prioritisation of responses to Review Gather IMP specific threats Data Business Goals - Eliminates expenditure on Assess Review React Risk non-existent threats Predict Correct Evaluate Prevent Integrity Respond
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