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MOV - Measurable Organisational Value (This is the goal of the project and is utilised to define the value that your team project will bring
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).
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