To maximize your return on investment (ROI), you must be sure that you are investing in the “right” things. The “right” things are initiatives that are well aligned with the business strategy.
To maximize your ROI, you need to:
- Make value-based project, product, and portfolio decisions
- Deliver quality solutions to meet stakeholder objectives
- Adapt the project to changing business and customer needs
Why is choosing initiatives that align to your business strategy so important? Consider the cost of delivering the wrong thing to your stakeholder late.
- 41 percent of projects fail to deliver expected business ROI (CIO.com, 2008)
- Only 32 percent of companies employ practices that make the likelihood of project success "probable". (IAG Consulting, 2008)
- Being late to market by six months or more, thereby missing a narrow window of opportunity, can cost an organization a significant percentage of its return on investment.
Key capabilities
Make value-based project, product, and portfolio decisions, so that you can invest scarce resources in the right initiatives. IBM Rational® Focal Point™ places the business case at the core of your decision making process. With Rational Focal Point, you can visualize the human and financial costs over time, and make objective decisions about where to invest for maximum ROI.
Deliver quality solutions to meet stakeholder objectives by aligning project deliverables to stakeholder business needs. With team based collaboration and the innovative visual and textual requirements definitions techniques found in IBM Rational Requirements Composer, you can achieve consensus with your stakeholders. This solution also enables you to align your business and IT to ensure the end product meets the stakeholders’ business needs.
Adapt your project to changing business and customer needs and involve stakeholders continuously. From the very day a project begins, the stakeholder requirements and needs of the business begin to evolve and change. By using Rational Focal Point and Rational Requirements Composer, you can identify changes early, evaluate the trade-offs, and re-align your plans and investment levels to keep up with changing conditions.
