Measuring the Business Value of a Project
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a.eljaroshi
Jan 24, 2010, 5:55:41 AM1/24/10
to Primavera Trainer
How do we measure project success? Do we measure budget and schedule
or do we measure net value delivered to the organization? Today, we
tend to measure the former. But it is the latter, delivered value,
which is the truer measure. This is the way projects will be evaluated
in the future. The current Triple Constraint focuses on the delivery
portion of a project, rather than its business value. It focuses on a
single project, and is primarily based on a cost view.
or do we measure net value delivered to the organization? Today, we
tend to measure the former. But it is the latter, delivered value,
which is the truer measure. This is the way projects will be evaluated
in the future. The current Triple Constraint focuses on the delivery
portion of a project, rather than its business value. It focuses on a
single project, and is primarily based on a cost view.
The Value Triple Constraint is an evolution of the Triple Constraint.
It is a framework for measuring the on-going value delivered through
projects and for bringing to light the “value left behind”
Read on at Project Times
http://www.projecttimes.com/articles/general/485-measuring-the-business-value-of-a-project.html.
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