Are You A Value Creator?

  Career Development   New Practitioners   ProjectsAtWork  

Beyond reducing project costs, business analysts must also focus on increasing project benefits. In doing so, you position your work as fundamental to successful outcomes. Here are four ways you can elevate your role and responsibilities to deliver more value to the organization.

The activities of business analysis, done well, impact project return on investment in two key ways — they reduce project costs and increase project benefits. Last month I shared "Proving Your ROI". Although many of you may have completed that exercise and found that you could justify your salary based on project cost savings alone, a much more compelling argument for business analysis and a solid basis for elevating the business analyst role comes from understanding how we increase the value generated from our projects.

Increasing benefits transforms the perception of planning activities being a sunk cost by positioning our roles as fundamental to the success of achieving the best possible outcomes in our projects.

Read on for ideas on how you already increase your project’s benefits or to find ways to strategically reposition your responsibilities to ensure you are delivering the most possible value for your organization.

1. Discover new needs or requirements. Business analysts, contrary to a slowly declining popular belief, rarely just “write out” …

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