The Value Visualization Framework (VVF) was developed by Mike Harris, President and CEO of David Consulting Group, to address some of the current challenges in software development, namely that most initiatives are driven by technology and time-to-completion rather than economic value.
The VVF addresses this issue by fostering collaboration between the BU and IT to jointly set and measure value-focused goals. In doing so, IT becomes a strategic contributor to the organization. Here's what the 5-step framework looks like:
The key is that the VVF enables IT and the BU to track actual versus target goals in order to make timely adjustments (or terminate a project, if necessary). Further, use of the framework facilitates cost savings and improves value flow throughout the organization.
Of course, this is just a high-level overview; more information about the framework is available here. Mike Harris is also available to speak about the VVF and other related topics. Learn more about his background here.
Questions? Comments? As always, we want to hear them! Leave a comment below or email Mike directly!