IT Project Management | Measurable Organizational Value

Measurable Organization Value (MOV) is the projects overall goal and measure of success. In the IT field it must align with the organization's objective, mission, and goals.

The MOV MUST:

• Be Measurable
• Provide Value to the Organization
• Be Agreed Upon
• Be Verifiable

The MOV should be based on and support the organization's goal and strategy

There are 6 Basic Steps in developing a MOV

1. Identify the desired area of impact
• Strategic
• Customer
• Financial
• Operational
• Social
2. Identify the desired value of the IT Project
• Better?
• Faster?
• Cheaper?
• Do more?
3. Develop an Appropriate Metric (numeric)
4. Time Frame for achieving MOV
5. Verify and Get Agreement from Stakeholders
6. Summarize the MOV in a clear concise statement
• The project will be successful if ______
• Or use a time table (in year ___ we will ____, and so on)