Purpose:
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Estimate potential value
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Choose best option
Description:
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Analyze value
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Consider uncertainty
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Include financial, reputational, and market impact
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Evaluation of Design Options:
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Compare options
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Consider advantages/disadvantages
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No universally "best" option
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Some options may be rejected
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Doing nothing may be recommended
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Inputs
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Potential Value: Benchmark for design.
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Design Options: Comparing solutions.
Elements
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Benefits: Positive outcomes.
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Costs: Acquisition and opportunity costs.
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Value Determination: Assessing benefits against costs.
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Recommendation: Selecting the best solution.
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Assessment
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Resource Constraints: Limitations on implementation.
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Solution Constraints: Regulatory or business requirements.
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Dependencies: Interconnected capabilities.
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Other Considerations: Vendor relationships, culture, and finances.
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Guidelines & Tools
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Business Objectives: Calculate benefit.
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Current State Description: Context, quantify value.
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Future State Description: Desired state, guide design.
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Risk Analysis Results: Assess risk.
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Solution Scope: Define boundaries.
Techniques
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Acceptance Criteria: Formulate requirements.
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Backlog Management: Sequence value.
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Brainstorming: Collaborative benefits.
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Business Cases: Assess against goals.
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Business Model Canvas: Understand strategy.
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Decision Analysis: Rank options.
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Estimation: Forecast costs.
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Financial Analysis: Evaluate returns.
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Focus Groups: Gather input.
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Interviews: Stakeholder input.
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Metrics & KPIs: Measure value.
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Risk Management: Identify risks.
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Survey/Questionnaire: Stakeholder input.
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SWOT Analysis: Identify strengths.
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Workshops: Gather input.
Stakeholders
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Customer: Analyzes benefits and costs.
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Domain SME: Provides specialized knowledge.
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End User: Offers insights into value.
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Implementation SME: Identifies costs and risks.
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Project Manager: Manages selection process and risks.
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Regulator: Evaluates regulatory constraints.
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Sponsor: Approves resources and stays informed.
Outputs
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Solution Recommendation: Maximizes enterprise value.
