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Measurable Organizational Value and the Business Case - Coggle Diagram
Measurable Organizational Value and the
Business Case
The MOV is a “Measure of Success”
The MOV must support the organization’s vision, mission, and strategy
Project Objective
Scope, Schedule, Budget and Quality
The Business Case
An analysis of the organizational value, feasibility, costs, benefits, and risks of several proposed alternatives or options.
Developing the MOV
Identify the desired area of impact
Customer, Strategic, Operational, Financial and Social
Identify the desired value of the IT project
Develop an Appropriate Metric
Set a time frame for achieving the MOV
Verify the MOV and get agreement from the project
stakeholders
Summarize the MOV in a clear, concise statement or
table
Developing the Business Case
Step 4: Define Feasibility and Assess Risk
Step 5: Define Total Cost of Ownership
Step 3: Identify Alternatives
Step 6: Define Total Benefits of Ownership
Step 2: Form a Cross-Functional Business Case Team
Step 7: Analyze alternatives
Step 1: Define Measurable Organizational Value (MOV)
Step 8: Propose and Support the Recommendation