What is investment logic mapping?

Investment logic mapping (ILM) is an early stage technique that assists in developing and documenting the logic that underpins a potential investment decision, before specific solutions are identified, and before a decision is made.

What are the four aspects of investment logic mapping?

Investment logic mapping

  • a description of the expected benefits.
  • realisation targets and dates.
  • supporting KPIs, Metrics and Measures.
  • identification of the benefits owner and a description of their accountabilities.
  • a benefit map, and.
  • mechanisms for reporting and monitoring realisation, including post project closure.

How do you create a map in logic?

Steps

  1. Step 1: Identify the Problem.
  2. Step 2: Determine the Key Program Inputs.
  3. Step 3: Determine Key Program Outputs.
  4. Step 4: Identify Program Outcomes.
  5. Step 5: Create a Logic Model Outline.
  6. Step 6: Identify External Influencing Factors.
  7. Step 7: Identify Program Indicators.

What is an ILM in project?

The ILM Project Management pathway focuses on a specific set of skills and knowledge including managing projects, managing meetings, planning change, budgetary planning and control and problem solving.

What is a logic map?

A logic map (also known as an intervention logic) is a visual depiction that demonstrates the relationship between proposed interventions and their intended effects. Interventions can be policies, programmes, or individual projects.

What is a benefits logic map?

Benefits Maps are a pictorial representation of the value proposition of a programme / project and are an important communication mechanism to help generate stakeholder consensus and commitment.

What is logic map?

How do you map a process?

How to create a process map

  1. Step 1: Identify a problem or process to map.
  2. Step 2: List the activities involved.
  3. Step 3: Write out the sequence of steps.
  4. Step 4: Draw a flowchart using process mapping symbols.
  5. Step 5: Finalize and share the process map.
  6. Step 6: Analyze the map to find areas of improvement.

What are the 5 main components of the logic model?

While a basic logic model should include the five basic components of participants, inputs, activities, outputs, and outcomes, similarities end there.

What is KPI logic model?

The Logic Model is a framework that is helpful for differentiating what we produce from what we can only influence. It is also helpful for separating between elements that are more operational versus those that are more strategic in nature.

What is one advantage of mapped elements?

Maps of different elements over the same area can help to determine what phases are present. Element maps give a complete 2D picture of internal chemical zonation within a mineral, which is more informative than a simple line traverse.

What are the elements of a logic model?

Included in most logic models are four components: resources, activities, outputs, and outcomes.