Professional Development

Using A Business Value Model To Guide Decisions
March 6, 2012

Presenter: Kent McDonald
Registration

One trait of an effective business analyst or project manager is the ability to ask the right questions.  One “right” question that applies to just about every project can sometimes be difficult to ask, let alone answer: “Is it worth it?”  This question is difficult to answer because the answer will change as you proceed through the project and gain more knowledge about the purpose, considerations, costs, and benefits involved in a project.

We’ll explore a tool you can use to help organize the necessary information to answer the “is it worth it?” question on a regular basis.  This interactive session demonstrates how you can create a value model to make an initial decision about whether to pursue a project, and then utilize that model as your knowledge grows throughout the project to revisit the question and confirm whether the project is on the right course, or if changes need to be made.

Presenter: Kent McDonald, is an author, speaker, and mentor who helps organizations understand their problems and implement solutions. His more than 15 years of experience include work in business analysis, strategic planning, project management, and product development in a variety of industries including financial services, health insurance, performance marketing, human services, nonprofit, and automotive. He is co-author of Stand Back and Deliver: Accelerating Business Agility and currently delivers business analysis training for B2T Training, and shares his thoughts on raising the level of business analysis at Beyondreqs.com

 Learning Objectives:

• Structuring your value model to make decisions about whether to do a project
• How to deal with non financial benefits in your Cost/Benefit discussion
• Where measures such as NPV, ROI, TCO, IRR fit into the Cost/Benefit discussion.
• The impact of timing of implementation on the Cost/Benefit discussion.

   

Agenda: