Project Intangible Benefits Should Be Identified

It is a good practice to identify non-financial or intangible benefits when developing a business case. The ideal is when you can generate a tangible return on the investment. However, intangible benefits can be aligned with business goals and may even be able to be measured. This can be helpful when the financial return of a project proposal is at or below the hurdle rate. ...

... "Recognizing what to measure and how to measure can be extremely difficult for intangible assets/benefits. There are some common but key benefits accruing through any large IT project in an enterprise that cannot be tangibly measured. " ...

Via CXOtoday: IT Non-financial ROI

Project Business Case: Shock and Awe with Value

Enhance your business case with a compelling story and value statements in the language of your business. While the solution is important, keep the technical details to a minimum. ...

... "Decision makers don't want to hear about bits and bytes. IT managers need to talk to them in terms of achieving business value and reducing risk, said John Cash ... " ...

Via IT Business, Canada: Project Approval Process

Project Approvals: A Tasty Proposition

The CFO's perspective is valuable to properly positioning project proposals in the portfolio. ...

... "The most important thing a CIO could do is take their CFO out to lunch and find out what the CFO looks for when considering a project, he said. " ...

Via bMighty: Have You taken Your CFO Out to Lunch Yet?

Vendor Perspective on RFPs

Vendors have to jump through hoops to respond to requests-for-proposal. See it from their perspective. ...

... "We've treated RFPs like they are some rare opportunity for us to get our proposal in the door at an organization and hopefully win the project based on the merit of the project ... " ...

Via CIO: RFP ROI