In this new age of economic turndown, a key focus for most organizations investing in software to improve business operations is focused on getting the most out of their investments and strategically investing in projects with “business value”. What is this-all-so-important “business value” and how do we quantify it within the context of projects? More importantly how do we reflect the same into the business case meshing the hard benefits with the soft benefits?
To get answers to all this and more, Welcome to the IBM Business Value Assessment Program. The IBM BVA Program engages a team of specialists with industry experience in methodologies used to quantify business value using modeling techniques such as Benefit Analysis and Value Analysis. The benefits are categorized in categories such as Business Operating Efficiency, Business Strategic Advantage and IT Cost Reduction. The Financial Impacts of a BVA focus on areas such as Operating Expenses Reduction, Net Fixed Assets Avoidance and Net Contribution. Benefits depend on organization’s industry, business model and their “current” or “as-is” state as compared to a “future” or “to-be” state. Cost Avoidance is an important element with organizations often struggling to meet regulatory requirements. Often, considerable time and efforts may be expended to pull multiple sources of information together to create a complete picture. The BVA helps capture the cost avoidance aspects for organizations that need to assess the impact of non-compliance and meeting of regulatory requirements.
The BVA team draws its in-depth experiences from multiple industries and functional disciplines. With a worldwide presence in global locations from China to Italy to USA, we identify issues of global interest and develop practical business cases with financial and non-financial impacts based on client requirements. We help organizations identify and quantify benefits that can be achieved using IBM OPTIM solutions.
The BVA blog is dedicated to sharing information related to Business value modeling and associated benefits from the use of IBM OPTIM. On this blog, we will share best practices and provide thought leadership as well as practical insights for Business Executives. Emphasis areas include Data Archiving Financial Impacts; Test Data Management and Data Privacy Risk Analysis as well as Application Decommissioning Financial Impacts.[Read More]
Quantify the business value of Information Governance Solutions