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3. Linking Strategy to Portfolio > The Logframe Approach - Pg. 49

Linking Strategy to Portfolio 49 John Thorp, author of the best seller The Information Paradox, in an inter- view for APM, 16 observed that "benefits don't just happen and they rarely hap- pen according to plan. They need to be managed. Much of the activity today is still focused on the front end and getting the money rather than full life-cycle management." He further observed that benefits management is portrayed as entering the mainstream of project and program management and is increas- ingly perceived as a broader governance issue, not just an IT governance issue. The following are the topics that the executive team must reach a common understanding on in order to establish the connections between strategy and their expected impacts: The future value creation resulting from an adopted strategy The links to overall organizational strategy deployment and the result- ing business change Assumptions made on cascading strategy How impacts are to be measured The tangible work product in terms of project outputs that must be created to reach the outcome The Logframe Approach The logical framework (Logframe) has come to play a central role in the plan- ning and management of development interventions. Originally developed by the U.S. Department of Defense, it was then adapted for the U.S. space agency NASA before being adopted by USAID (United States Agency for International Development) for development projects in the late 1960s. It was picked up by European development organizations in the 1980s and, by the end of the 1990s, Logframe had become the standard approach required by many donors for grant applications. Logframe has been in use at the World Bank 17 since 1997, when it became a standard attachment to project appraisal for investment operations. It is used by private companies, municipalities, and international development organiza- tions when assessing and making follow-ups and evaluations of projects and programs. Logframe is a tool that has the power to communicate the essential American Management Association www.amanet.org