In my September 9 blog post, I shared my 5-step Value Visualization Framework (VVF); however, I did not discuss the importance of following this process and the benefits you could realize. Below are four reasons why the VVF approach should become a key component of your software development initiatives:
- New methodologies don’t provide a comprehensive way to measure and visualize value. Integrating the VVF process alongside your other software development methodologies will help you visualize the value.
- VVF enables IT and the business unit to track actual versus target values and make timely, data-driven adjustment decisions.
- VVF’s 5-step process focuses on optimizing value streams that will drive cost savings and your organization’s competitive advantage.
- VVF drives greater alignment between IT and the business unit and holds all stakeholders accountable for specific outcomes.
The value that can result from following the 5-step VVF process is significant. By arming the IT team with the right business and economic data on each software development project, IT can become a strategic contributor to the organization, rather than just a tactical “implementation arm.”
Michael D. Harris