Doing things on time and on budget – it does NOT matter if thethings 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’sprioritized correctly to secure most possible value from a company’s limitedresources.

 

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

 

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

 

Once the correct decisions are made (decisions made based onobjective and relevant information and not gut feel or loudest voice) effectiveexecution of the project becomes the critical part and equally important to theselection of the investment itself in achieving value to the business. Thisrequires accurate, timely and actionable information to properly evaluate andmeasure the performance of a project—determining project success or failure.

 

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

·        Develop avalue-driven process for evaluating software investments

·        Create a roadmapto the vision and set the right expectations

·        Strengthen andoptimize project execution

·        Continuallyevaluate the performance of your investments

·        Transform theway you define and deliver value with IBM Rational solutions

 

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