Strategy+Business does a good job of covering viability of cost-benefit analyses. The bottom line appears to be that pure cost-benefit analysis may only apply in the simplest of situations:
It is inadequate for evaluations of interventions that will affect many different dimensions, such as markets, economies, health, the environment, and endangered species. Cost-benefit analysis is also […]
There is quite a revelation in the Strategy+Business piece on cost-benefit analysis:
…the data is often framed to protect existing industries and technologies and discourage innovation…..
Their example of two industry reports presented to OSHA that estimated costs of noise abatement at $31.6B and $11.7B respectively reveals that the reason was that one study completely ignored new, […]
Supply and Demand Chain Executive’s article on “2008 Supply and Demand Chain Executives Pros to Know” related the story of James Polak, Director, General Purchasing, PPG Industries. My background in spend analysis revealed a difficulty in getting firms to understand that there are tremendous savings in enabling corporate wide visibility of spend. PPG originally believed […]
I’ve carefully observed the recent Clinton-Obama debates and been fascinated with the differences in their communication styles. Both have enough common factors (policy stands, speaking ability, intelligence) to allow a good opportunity to analyze successful, and not so successful, ways of communicating.
Obama is unflappable, repectful, willing to admit mistakes, and redefines his arguments patiently. Clinton […]
My post on Overcoming Language Barriers facilitated some very nice sharing of resources. Executives and managers! You need to familiarize yourself with this information; you will benefit through improved understanding of what your IT projects should be doing for you:
1. Excellent discussion on Domain Driven development from Sensei at ActiveEngine’s Cool Stuff post. This is […]
Margaret Rouse at IT Knowledge Exchange continues our conversation on PMOs. We started by talking about how a PMO relieves pain, then the PMO’s role in dealing with the dreaded mythical queue of projects, and now language barriers in agile software development projects .
My post on how previous experience with lean manufacturing might overcome some […]
Up to now we have been dealing with convincing (value selling) executives on the value of a PMO. The value assessment gives you a chance to “sell” the PMO to the organization and verify the value that was discussed in the visioning/modeling discussions. The marketing to the organization is extremely important to the PMO’s success […]
Once you agree on the problem that is being solved with a PMO deployment, and you have a pretty firm understanding of the PMO model and vision at the executive level, you are ready for a full blown value assessment effort. This is NOT an excel spreadsheet exercise. It is not a gap analysis with […]
Sales. Most project managers and consultants cringe at the word. They do not want to appear to be “salesy”. In fact, everybody “sells” and if you’re not selling then somebody is beating you to an opportunity by outselling you. Value assessments are fairly short projects designed to sell medium to large enterprise systems. Value assessments […]
I used to manage value assessment projects that led to large business solution projects. These can be 2-3 month efforts designed to develop agreement on the business process change expected and to define the value of it to the organization. Hard dollar value, meaning savings that translated to bottom line profit, was the focus. In one situation we were […]
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