“We hold many dubious beliefs not because they satisfy some important psychological need, but because they seem to be the most sensible conclusions consistent with the available evidence.” -Thomas Gilovich
Technology projects face many challenges prior to initiation, one of them being capital budgeting decision making i.e. being able to showcase the benefit delivery against the cost to the firm. This becomes challenging to gauge during the execution of the project and even more challenging in times of shrinking budgets, as the resources decrease and yet the benefit expectation remains consistent. In this paper we discuss how can a program sustain challenging scenarios and adapt the benefit reflection models to showcase the true benefit assessment. We will walk thru the various methods of capital budgeting used for project assessment during the business case and share the recommendation on how to continue to assess the project during its execution to be able to derive the benefit assessment in no time.
People, Process and Technology – a framework widely misused. Here I discuss the core potential of the framework and how far can it be stretched beyond which it loses its value.
The value delivery by a “cost center” has always been paramount to the growth of the center. If the value is delivered rewards see no boundaries and the center is deemed profit center otherwise there are reductions in budgets etc further causing stagnation of the center.
Off-shoring, a channel to reduce costs. If that is the only benefit you can relate offshoring to then you are here for a paradigm shift. Because you maybe under-utilizing the offshoring capabilities.
As the life insurance firms leverage the last bits of arbitrage opportunities created by the risk pool of their policy owners there comes a new technology revolution to aid in creation of blue oceans for them. At the same time it requires heavy investments. So should you engage or wait and watch?
The natural log of the odds, the Logit function dates back to 19th century. It was given its name by Verhulst, a Belgian mathematician.