Question

1. Discuss the five principles for delivering value?

Answer 1

Answer:

I)

1) Accurate determination of portfolio value management process.

2) Value Targeting.

3) Take a unified approach to the value of technology.

4) Target joint ownership of technology initiatives.

5) Try more.

II) Accurate determination of portfolio value management process

Explanation:

There are five principles to ensure delivering value:

1) Accurate determination of portfolio value management process.

2) Value Targeting.

3) Take a unified approach to the value of technology.

4) Target joint ownership of technology initiatives.

5) Try more.

1) Follow up as they develop projects to accurately determine the portfolio value management process. It is also important to review portfolio decisions to determine if projects need to be changed. Investing in strategic and infrastructural projects and developing a sustainable tool that will provide value is another important example.

2) In order to target value segments there is a need to focus on key areas such as delivering value through a series of small-scale projects and balancing short-term and long-term strategic goals.

3) To take a holistic focus on technology value: managing and using people, utilizing process and technology, anticipating the impact of technology, and incorporating technology changes into business changes.

4) To target the joint ownership of technology initiatives, we need to sponsor executives for all IT projects and develop a culture of mutual responsibility and mutual trust between IT and business.

5) We also need to include an experiment to make it more frequent: newer small-scale technologies will be invested in smaller units, and IT value will be realized earlier to minimize risks.

I think, the first principle is the most important among all of them because if you do not have good management processes you will not be able to make value even if you do other thing.