This open access book presents a set of basic techniques for
estimating the benefit of IT development projects and portfolios.
It also offers methods for monitoring how much of that estimated
benefit is being achieved during projects. Readers can then use
these benefit estimates together with cost estimates to create a
benefit/cost index to help them decide which functionalities to
send into construction and in what order. This allows them to focus
on constructing the functionality that offers the best value for
money at an early stage. Although benefits management involves a
wide range of activities in addition to estimation and monitoring,
the techniques in this book provides a clear guide to achieving
what has always been the goal of project and portfolio
stakeholders: developing systems that produce as much usefulness
and value as possible for the money invested. The techniques can
also help deal with vicarious motives and obstacles that prevent
this happening. The book equips readers to recognize when a project
budget should not be spent in full and resources be allocated
elsewhere in a portfolio instead. It also provides development
managers and upper management with common ground as a basis for
making informed decisions.
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