Factors of Value

 

Mario Andretti, Formula One championship driver, once said, “If everything seems under control, you're just not going fast enough.” Is it possible for your organization to give up control to increase product delivery and gain higher values?

We just released the “Factors of Value,” an advanced thinking research report.  The idea of this report is to define and explain the Factors of Value. In addition, we provide investment guidance and compare the value factors against the success factors. This report has been greatly influenced by mining the current CHAOS database, which has more than 50,000 project profiles.

This is outline of the report:

Page 1: Introduction: is where we introduce the ten factors of value and the mainline story.  On this page we have two tables: Ten Factors of Success and Factors of Value.  The two tables show and compare the Factors of Success versus the Factors of Value. It is Standish tradition to assign points to each factor to highlight its relevance. These points should also be considered as an investment guideline for improvement.

Page 2: Factors 1 and 2: are defined on this page and we continue with the mainline story.  The one table presents the value of projects in the CHAOS database in relation to the size of the project.

Page 3: Factors 3 and 4: are defined on this page and we continue with the mainline story. The one table presents the value of projects in the CHAOS database in relation to the skill level of the executive sponsor.

Page 4: Factors 5 and 6: are defined on this page and we continue with the mainline story. The one table presents the value of projects in the CHAOS database in relation to the process methodology.

Page 5: Factors 7 and 8: are defined on this page and we continue with the mainline story. The one table presents the value of projects in the CHAOS database in relation to the user participation skills.

Page 6: Factors 9 and 10: are defined on this page and we continue with the mainline story. The one table presents the value of projects in the CHAOS database in relation to staff skill level.

Page 7: Summary: Completes the main storyline and sums up the report. The one table presents the compares success and value.

The new Factors of Value Report is available to members in our report sections of our website Dashboard. Non-members can join in our store.

 



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About the Author:

Author

Jennifer Lynch

Jennifer Lynch is Communication Manager for The Standish Group. Jennifer’s expertise is to create and execute an industry, press and customer communications strategy designed to increase the visibility and awareness of The Standish Group, its products, services, and corporate citizenship initiatives.

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