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Doing the right things or doing things right?

Writing by Jorgen on Monday, 4 of May , 2009 at 3:24 pm

One definition of Business Intelligence is the collection and structuring of corporate data in order to gain information for further control and management of a process, target or strategy. The return on intelligence (ROI) is achieved by doing better business. BI is therefore often part of a project or sometimes even a project in its own right. Many corporation start a project by putting together a business case. All possible costs and benefits are taken into calculation. Only the projects with a sound or positive business case get the green light. But the economic downfall has changed all this. Not only are we starting with less projects, even those that have a positive business case to begin with, many project have been cancelled, delayed or re-scoped. In order to make reasoned decisions an answer must be given to questions such as: How will this project contribute to our business objectives, are we doing the right projects, are there better ways of using our resources, is the business case still valid? Portfolio management gives corporations the change to have a clear understanding of the contribution of an existing or potential initiative. This way a corporation can make sure that it only invests in projects that add value. The corporation is doing the right things. But just as important is Portfolio management information. Monitoring the current portfolio enables corporations to get an early warning on possible risks but also the possibility for action taking if the value of certain projects decrease or even get negative. The corporation is doing things right.

I see to many companies limiting their selves by building one single business case only at the start of the project. This way they will not get the maximal return on their investments.

These corporations might be doing the right things, but they are not doing things right.

Category: BI Thoughts, Business Intelligence consulting, Business Intelligence solution, Business Intelligence strategy

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Author

Jorgen Heizenberg is Principal Technology Officer for the Business Intelligence domain at Capgemini Netherlands. The views expressed in this blog accurately reflect his personal views about any or all of the subjects and is not part of the official Capgemini company view. PLEASE REACT TO HIS OPINIONS AND BECOME AN ONLINE BI GURU. See also: http://www.beyenetwork.nl/blogs/heizenberg/