Doing things on time and on budget – it does NOT matter if the things you are doing are the wrong things. Before doing things the correct way, it’s of vital importance for an organization to secure that the portfolio, projects and activities are aligned with company strategy and that it’s prioritized correctly to secure most possible value from a company’s limited resources.

 

One of the biggest challenges is to make the best compromises between contradictory projects and activities. For an organization to be effective and “best in class” great decision making is a must.

 

Effective solutions can secure that you projects and your portfolio is aligned with company strategy and business objectives. Further you can continue the work with the portfolio to secure that the correct prioritizations are made around the projects and the portfolio.  As an organization the objective is that projects which only delivers marginal value in relation to the cost of development is not worked on. Instead secure that the projects with most value and “market” demand are delivered. 

 

Once the correct decisions are made (decisions made based on objective and relevant information and not gut feel or loudest voice) effective execution of the project becomes the critical part and equally important to the selection of the investment itself in achieving value to the business. This requires accurate, timely and actionable information to properly evaluate and measure the performance of a project—determining project success or failure.

 

Here are five tips for improving the ROI of your software investments:

·         Develop a value-driven process for evaluating software investments

·         Create a roadmap to the vision and set the right expectations

·         Strengthen and optimize project execution

·         Continually evaluate the performance of your investments

·         Transform the way you define and deliver value with IBM Rational solutions

 

In the following whitepaper you can read more about the five tips IBM provides on how you can improve the ROI of your software investments and ask yourself the question: Do you consider doing things the correct way enough in your organization, or is it time to start focusing on doing the right things as well?

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