MOV - Measurable Organisational Value (This is the goal of the project and is ut

Question

MOV - Measurable Organisational Value (This is the goal of the project and is utilised to define the value that your team project will bring to your client) • Identify the desired area of impact - Rank the following areas in terms of importance: Strategy / Customer / Financial / Operational / Social • With reference to your project, identify one or two of the following types of value:
Better - is improving quality important to your client? Faster - does your client want to increase efficiency? Cheaper - is cutting costs important? Do more - does your client want to continue its growth? • Develop an appropriate metric - this sets the target and expectation of all the stakeholders. It is important to determine a quantitative target that needs to be expressed as a metric in terms of an increase or decrease of money. • Determine the timeframe for achieving the MOV - ask yourselves, when do we want to achieve this target metric? • SUMMARISE THE MOV IN A CLEAR CONCISE STATEMENT OR TABLE
(Note: the MOV should inform everyone what the project will achieve, not how it will be achieved. It should also focus on the organisation, not on the technology that will be used to build or support the information system). MOV - Measurable Organisational Value (This is the goal of the project and is utilised to define the value that your team project will bring to your client) • Identify the desired area of impact - Rank the following areas in terms of importance: Strategy / Customer / Financial / Operational / Social • With reference to your project, identify one or two of the following types of value:
Better - is improving quality important to your client? Faster - does your client want to increase efficiency? Cheaper - is cutting costs important? Do more - does your client want to continue its growth? • Develop an appropriate metric - this sets the target and expectation of all the stakeholders. It is important to determine a quantitative target that needs to be expressed as a metric in terms of an increase or decrease of money. • Determine the timeframe for achieving the MOV - ask yourselves, when do we want to achieve this target metric? • SUMMARISE THE MOV IN A CLEAR CONCISE STATEMENT OR TABLE
(Note: the MOV should inform everyone what the project will achieve, not how it will be achieved. It should also focus on the organisation, not on the technology that will be used to build or support the information system). MOV - Measurable Organisational Value (This is the goal of the project and is utilised to define the value that your team project will bring to your client) • Identify the desired area of impact - Rank the following areas in terms of importance: Strategy / Customer / Financial / Operational / Social • With reference to your project, identify one or two of the following types of value:
Better - is improving quality important to your client? Faster - does your client want to increase efficiency? Cheaper - is cutting costs important? Do more - does your client want to continue its growth? • Develop an appropriate metric - this sets the target and expectation of all the stakeholders. It is important to determine a quantitative target that needs to be expressed as a metric in terms of an increase or decrease of money. • Determine the timeframe for achieving the MOV - ask yourselves, when do we want to achieve this target metric? • SUMMARISE THE MOV IN A CLEAR CONCISE STATEMENT OR TABLE
(Note: the MOV should inform everyone what the project will achieve, not how it will be achieved. It should also focus on the organisation, not on the technology that will be used to build or support the information system).

Explanation / Answer

Case: An organization needs to create and actualize a B2C internet business application to grows its present physical operations

1.

B2C – PM meet with design support to decide how the thought for the task happened to see how and why choices are made by support's association. Vital and budgetary – grow b&m operations

2.

B2C – empower the association to extend its present operations enhanced client administration and operations would fall under better, quicker and less expensive

3.

•           Company needs an approach to decide whether venture is a win and if their speculation paid off

•           Money ($, £, ¥ )

•           Percentage (%)

•           Numeric Values (clients, hits on site)

B2C – design support has set the metric to be a 20% rate of return and 500 new clients

4.

•           Completion of the task does not mean the MOV has been accomplished.

•           MOV can change over the long haul

B2C – design support has set the metric to be a 20% rate of profitability and 500 new clients inside first year. 25% return and 1000 new clients second year, 30% return and 1,500 new clients third year.

5.

•           Ensure that it is precise and sensible

•           Project supervisor and group can just guide the procedure, design support recognizes the vale and target measurements

•           PM ought not focus on a farfetched MOV

6.

•           Opportunity to get last assention and check

•           Simple and clear mandate to the task group

•           Sets express desire for all task partners

This venture will be fruitful if

MOV: The B2C venture will give a 20% rate of return and 500 new clients inside the primary year of its operation

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.