Initiatives as I know it
A typical initiative would start with a one-pager that is aligned with one of the approved transformation streams. This one-pager would provide a high-level overview of the problem, potential solution options, and the desired business outcome.
With this in place, a dedicated team or a business analyst would be assembled to construct a lightweight business case. This business case would build on the one-pager, providing additional details and estimates on the costs and potential business benefits associated with the solution. It would also include a comparison of the various options, enabling the team to select the best one that meets the outlined objectives. Furthermore, the business case would help stakeholders understand the value of the proposed initiative and provide clarity on the expected outcomes.
Once the business case is approved, the initiative would move into the delivery phase. During the delivery phase, the team would be responsible for executing the required activities to deliver the initiative and track progress against agreed-upon objectives. At the end of the delivery phase, a final review would be conducted to assess the achieved business outcomes.
The review would also identify any areas for improvement and document any lessons learned. After the review, the initiative would be closed and the delivery team disbanded. Finally, a post-mortem analysis would be undertaken to assess the initiative's success and incorporate the lessons learned into future initiatives.