![]() You may be unwilling to do work in the old world and the new world because it is deemed “wasted effort”. Some projects are in a position where you are migrating to a new technology stack (or cloud provider). Ruling out double development with no evidence of the impacts of that against value. In this scenario, ensure you have looked at the business benefits based on where you are now. This is equally dangerous, as you could be willing to sink more costs for no added benefit. One trap I have seen in clients is that solutions are abandoned weeks or even days before launch to re-architect, or change the technology stack. Redesign at the expense of the immediate value. Some common, and other less common, traps that could derail a project. So far it is pretty straightforward, right? OK, now we need to address some of the behaviours I have seen before. Some of the common pitfalls you will need to avoid. That is because it will provide the most value over the duration. The net result that gives you a higher rate of return is the result to pursue from a business value perspective. Total Expenses (over the same set period as revenue) Total Revenues (over a set period, usually 1 year) ![]() To calculate the net, use the following formula: Total Revenues – Total Expenses. ![]() (CONTINUE) Articulating the business value and costs if you were to continue on the same path (ignore what you have paid in already, this is already sunk ), it is essential to understand what you still have left to pay and when you will get the business value at this rate. Knowing what the costs would be in a new solution and when you would articulate that value (and even if the profile of the value is likely to change) will help you work out if you should start anew. (START) Articulate the business value and costs for a different solution. However, you also need to be aware that not doing something could also result in loss of customers, revenue or increase in penalties, so ensure you think about the negative value that could also occur. The likelihood is, in this situation, not only will you get no business value, but also no costs (if not including what is already sunk). (STOP) Articulate the business value and costs if you were to stop. Articulate the Business value for Stop, Start and Continue.
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