Investment Logic Mapping (ILM) helps you understand a problem, its impacts, and desired benefits – before looking at solutions.
ILM is made up of both a ‘problem’ and a ‘benefits’ workshop. These are for key stakeholders to:
- define a problem before looking at solutions or making investments
- make sure the 'story' of the proposal makes sense
- test and confirm the basis for the proposal is evidence-based and compelling for decision-makers to commit further investigation and planning.
The Victoria State Government’s Department of Treasury and Finance developed and manages ILM.
- Investment Management Standard (Victoria State Government)
When you need to do ILM workshops
You need to do ILM if your risk rating is medium or high. You do not need to do ILM if your risk rating is low.
You need to use:
- an accredited ILM facilitator if your programme or project is high-risk
- a trained facilitator if your programme or project is medium-risk.
Book an investment management standard facilitator (Victoria State Government)
Who you need at ILM workshops
You need the following people at your ILM workshops.
- an ILM facilitator
- the problem owner
- the investor
- key stakeholders – those with the most information on the topic
- any silent observers such as project managers or business analysts.
What you get out of ILM
You will get both an investment logic map and benefits map which are simple single-page flowcharts that tell the story of an investment and exposes its underpinning logic. They are both in plain English and designed to answer many of the key questions required to make an investment decision.