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Measurable Organizational Value & Business Case (Development of…
Measurable Organizational Value & Business Case
Development of MOV
set a time frame (4)
-when the results of MOV will be achieve
potential area
of project impact (1)
customer -better quality, lower price
strategic -increase market share
financial -increase revenue, lower costs
operational -more efficient/effective
social -improved safety and cleaniness
project
value
: (2)
-better
-faster
-cheaper
-increase growth(do more)
verify
&
agreement
from stakeholder (5)
-project manager guide
-project sponsor identify, specify the acceptable value for metrics
appropriate
metric
could be expressed in
money, percent, numeric
(3)
provide project team with a performance target or directive
set expectations among all stakeholders
to evaluate a project
summarize
in
clear, concise
statement/ table (6)
Development of Business Case
identify
alternatives
/ possible options (3)
-change existing process without invest in IT
-adopting app developed by diff area within organization
-reengineer the existing system
-purchasing an off-the-shelf app package from software vendor
-custom build a new app using internal resources/ outsourcing the development to another company
propose & support the
recommendation
(8)
-process after the alternative been identified
analyze
alternatives
(7)
-payback
-breakeven
-return on investment
-net present value
-scoring models
-criteria of financial & scoring models
define
feasibilty
(4): economic, technical, organizational, others
define
assess risk
(4): identification, assessment, response
define
total benefits of ownership
(6):
increase high value work, improve accuracy/efficiency--decision making--customer service
define
total cost of ownership
(5): direct/up-front , ongoing, indirect costs
form a
Cross-Functional Business Case Team
for (2)
-credibility
-alignment with organizational goals
-acccess to the real costs
-ownership
-agreement
-bridge building
define
Measurable Organizational Value (1)
project objectives
also supports in terms of:
scope which is the project work need to be completed)
schedule (time)
budget (money)
quality (conformance or fitness for use)
objective of MOV
:
support the vision, mission & strategy of an organization
be measurable
provide value
be agreed upon
be verifiable
attributes
of business case:
thorough in detailing all possible consequences
clear, logical in comparing the impact of each alternative
objective through include all related information
systematic in terms of summarize findings
MOV =
"measure of success"
business case
:
an analysis of the
organizational value, feasibility, costs, benefits, risks of several proposed alternatives/ options
Project Selection & Approval/Decison
-align with the vision and mission
-MOV is provided & verified