Example - It Project prioritization
Post on 28-Jul-2015
1. Example: Prioritizing IT Projects This example is designed to give an idea of how TransparentChoice can be used to select the most efficient IT portfolio. This model is inspired by Gartners recommendations for picking IT projects. 2. The problem we solve The problem is one of collaboration and structure, not of information 50% failure rate Most significant decisions are made with group input and multiple trade-offs/criteria 3. How we solve the problem Structure the decision, eliminate bias Gather opinion and build consensus Deliver results and recommendations 4. The scenario We are selecting the portfolio of IT projects. Projects can be requested online. 5. Criteria Criteria make implicit assumptions about priorities explicit. They are the structure that allows us to break down a complex decision into manageable parts. Criteria help build a common language and make trade-offs visible. Clear criteria make it difficult to game the system. 6. Criteria We have started with Gartners recommended model for project prioritization (essentially the top-level of the criterion hierarchy) and have then expanded on this model as an example of how it might be used in practice This model was not put together by Gartner. Rather, it was built from publically-available information about Gartners recommended project prioritization process. 7. Criteria Prioritize your projects Financial return Cost reduction Payback Reducing business operating costs Reducing IT costs Increase sales contribution Project risk Organizational complexity Project complexity Strategic impact Brand building Business development Customer intimacy Product excellence Technical architecture fit Alignment with architecture Capability 8. The Decision Team In this example, the executives define priorities, which are represented as weighted criteria. Subject matter experts score each project against criteria. Then the executives review the overall weighted scores and make their decision based on which projects will deliver the best value for money Final Decision Meeting Executives Set Priorities (Weight Criteria) Subject Matter Experts Score Projects 9. The Decision Team 10. Weighting criteria Criteria map to your priorities Defining these priorities is one of the most important steps in any decision Each person (Execs, in this example) answers A vs. B questions about which criterion is more important These votes are then brought together to discover where disagreements or misunderstandings are getting in the way of the decision 11. Building consensus Voting differences can be due to special knowledge, simple mistake or could even be an attempt to inappropriately influence the decision 12. Building consensus The process of building consensus is not a fluffy feel-good process. Decisions with more buy-in get executed better 13. Building consensus By avoiding discussions about items for which consensus already exists, and by having very contained discussions where there is disagreement, the process can reduce the amount of time spent on a decision. 14. Making your choice Your recommendations is made with clear justification and transparency. It is based on clear criteria with explicit weighting in other words, you explicitly see the priorities and trade-offs involved in making the decision. Decision makers understand exactly what they are being asked to decide and why. Sensitivity analysis gives them visibility into the robustness of the recommendation. 15. This example is available on your TransparentChoice account. Sign up and try it now! Try it now!
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