The Scheme of Things
Do you really know why the project you’re working on has received scarce organizational capital? Are the reasons for undertaking this particular initiative versus another clear to all? Here is a framework for making sure everyone understands where the project fits in the scheme of things.
Changes are conceived and initiated for a multitude of compelling reasons. However, most are launched in response to four key factors: economic impact, competitive advantage, competitive risk or strategic fit. Investment evaluation assesses the rationale for change, the level of risk and a project's priority relative to other possible undertakings.
The source for the material presented here was forgotten long ago but our indebtedness to the author or authors remains. The practice has been refined and adapted over the years and has proven effective for one project, for a couple of competing projects or for an annual portfolio planning program. You choose.
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"Never look at the trombones, it only encourages them." - Richard Strauss |




