Understanding and Achieving Defined Value
In today's fast-paced business environment, digital transformations are essential for staying competitive and driving growth. However, many change projects often face challenges such as running over budget, exceeding timelines, and failing to deliver the expected value. With IFS Applications Business Value Assurance, you can make your digital transformation initiatives a success by understanding and achieving the value you define for your project. This solution provides powerful business value engineering tools, methodologies, and templates that enable you to reach your desired outcomes efficiently.
Modeling Business Value and Shared Vision
The IFS Six-Box Model™ is a key component of Business Value Assurance, helping stakeholders establish a common shared vision. By defining strategic initiatives, KPIs, current and future states, obstacles, enablers, and financial impact, this model ensures alignment and clarity throughout the project. It allows you to create a solid foundation for value realization by identifying key value drivers and establishing a clear path to success.
Business Value Assessment and Delivery Scope
With the Business Value Assessment (BVA) tool offered by IFS Applications, you can evaluate the potential value of technical or process-driven changes. This analysis identifies areas for improvement, efficiency enhancements, and cost-saving opportunities, setting a strong foundation for your project. By working with IFS to scope the delivery based on the identified value drivers, you can mitigate risks, prioritize tasks, and ensure successful implementation aligned with your business case.
Realizing Business Value and Continuous Improvement
Closing the loop from value discovery to delivery is crucial for sustained success. IFS Applications Business Value Assurance offers an ongoing monitoring and improvement process that allows you to track KPI performance in real-time using IFS Cloud. By comparing your performance to industry benchmarks and specific targets, you can optimize your operations and drive continuous value realization. Business Solutions Architect, Hexagon Agility, praised the strategic insights and actionable recommendations provided by this approach.
Guidance from IFS for Success
To ensure successful outcomes, IFS provides tailored engagements that help you define expectations, metrics, outcomes, and responsibilities. By creating a customized success plan, you can align your objectives with IFS's support, addressing any exceptions or challenges to maximize the value of your investments. The Customer Success program offered by IFS is designed to assist you throughout your journey with tailored support and resources to achieve your business goals.