Last week I had the pleasure of speaking at The CIO and IT Security Forum in Miami. I also spoke at a CIO Forum this past fall. At these events, my presentations are delivered to small groups of CIOs/CISOs intentionally to allow an interactive and intimate dialogue. That said, I had about 35 people split across two presentations last week. My goal for these presentations is to offer ideas for using software business value to prioritize development projects at the strategic and tactical levels, to provide practical examples, and, above all, to evangelize to try to get more companies doing this stuff – visualizing the business value of their software development efforts.
The attendees were very engaged in this topic. Most of their interest was focused on using cost of delay and weighted shortest job first approaches to prioritize projects. In the first session, the audience requested I go through the calculations in detail, so I incorporated that into the second presentation and again got a positive response. There was something of an “aha” moment in both sessions as they realized that coming up with relative business value for prioritization purposes is actually a practical proposition.
In the first session, we had a substantial group of CISOs, and we talked about where information security investments fit in the business value of software – a particular piece of software development could result in a reduction of risk, but all software development has the potential to add risk of a vulnerability if security is ignored or is simply paid lip service.
Of the 35 or so participants, just two claimed to attempt to prioritize by business value. They were able to describe their approaches to the other participants. This is one of the great things about CIO Forum events – participants learn as much from their peers as they do from the presenters, and I always try to encourage this interchange during my sessions.
Do you prioritize your software development initiatives by business value? If not, what criteria do you use to prioritize your projects? If you’d like to learn more about focusing on software business value to prioritize your efforts, click here for white papers, additional blogs, and webinars on the topic.