Click hear to get your free “ROI Project Template”
The theory behind the practical application of this template is explained in a previous clarety post entitled ROI IT Project Viability & Ranking.
The advantage of this template is that it takes into account the tangible and intangible benefits derived from a project into the calculation of a Projects ROI.
If you can suggest any improvement to this template please help others by making some comments.
This week I went to see a client about how to put in place a simple process for identifying those projects that are financially viable propositions and then ranking them in order of importance ?
At the outset it was clear that there was no easy answer to this common problem because most mechanistic approaches to ranking fail to take into account intangible benefits. Taking this into account we decided that the correct approach would be the use of a suitable project feasibility assessment framework combined with portfolio /programme governance to prioritise further those projects with difficult to measure intangible benefits.
The agreed framework we chose to use in order to identify viable projects and rank them was the tried and tested Rate of Return on Investment (ROI) method.
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MSP stands for Managing Successful Programmes and is the Office of Government & Commerce’s own portfolio of policies and standards setting out what “good” looks like with respect to programme management. Together with the APMG (Association of Project Management Group) these good /best practices have been encapsulated into a framework and published by the TSO in a book entitled “Managing Successful Programmes”. This book is now the basis for a series of APMG qualifications pitched at different levels – Foundation (knowledge test), Practitioner (ability to apply MSP to real world situations, Advanced (ability to design and execute an MSP Programme).
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Click – Onshore /Offshore Process Map – to download Zipped PowerPoint File.
Looking at some of the rankings on Google of some of my old posts it would appear over the last year that I have become one of the main critics of Scrum /Agile:-
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Over the last couple of years, clients are increasingly requiring Earned Value Analysis (EVA) as part of our project progress /performance status reports. EVA is a very powerful project performance indicator, which is becoming more and more widely used.
The purpose of earned value analysis is to measure a project’s progress and help predict its outcome. Earned value analysis involves comparing a project’s actual progress to what the project was expected to achieve (as reflected in a baseline plan) at a specific point in the schedule /budget, and providing forecasts of this relationship going forward.
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