Measuring Value

Measuring value

All projects have been identified as ones able to offer tangible returns on investment. Value will primarily equate to time and extrapolated cost. Tangible value will require definition and valuation of current processes; this will require good will and collaboration from project stakeholders on the understanding that any such assessment is a positive undertaking where results will enhance future working practices.
Figure 3 below illustrates a key benefit derived from concurrency of design coupled with design validation. Establishing a baseline expectation based on traditional production of design, improvements can be measured to determine the true value.

Figure 3 – Concurrent design & validation
In addition intangible value will be attempted to be calculated in areas such as reduction of risk, enhancement of reputation and increases in business intelligence. Intangible value will be measured through stakeholder interviews and will therefore be largely subjective.

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