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By: The Business Case as a Value Realization Tool IT Organization Circa 2017
 a reply to Project vs. Program vs. Portfolio Managementby Vaughan Merlyn on Oct 30, 2007 - 06:24 AM read 109 times Source: http://itorganization2017.wordpress.com/2007/10/15/projec... |
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[…] At some point in mid to upper Level 2, the business case shifts from an approval/prioritization tool to a value realization tool. Formerly, you put stuff in the business case that you hoped would help get it approved, but you knew nobody would ever look at the case once approval was gained. There really was little to no accountability for the case, or consequence, or even learning that takes place about hte quality of the estimates and assumptions that went into the case. As a value realization tool, on the other hand, the estimates are taken very seriously, and accountability is now placed around achieving the forecast benefits. Of course, the ability to tightly link business benefits to a given project is very tricky in all but the simplest cases. It becomes somewhat more reasonable to link business benefits to programs, rather than to projects, as programs are, by definition, oriented towards business outcomes. (See earlier post on Projects, Programs, and Portfolios.) […]
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