The benefits may be tangible, intangible
or both. in this article, I want to look at
how projects can enable business value
creation generally. Follow me as we are
going to look at that together in this
article.
In business analysis, the business value
is considered the return, in the form of
elements such as time, money, goods,
or intangibles in return for something
exchanged.
Business Value in a project refers to the
benefits that the results of a specific
project provide to its stakeholders. The
benefits from projects may be tangible,
intangible or both.
Examples of tangible elements include
Monetary assets, stockholder equity,
utility, fixtures, tools and market share
among others.
Intangible assets include goodwill, brand
recognition, public benefit, trademark,
strategic alignments and reputation
among others.
Project initiation context
Organisation leaders initiate projects in
response to factors acting upon their
organisation. There are fundamental
categories for these factors, which
illustrate the context of a project. Here
are some :
Comments
Post a Comment