Analyze Potential Value and Recommend Solution

Purpose:

The purpose of Analyze Potential Value and Recommend Solution is to estimate the potential value for each design option and to establish which one is most appropriate to meet the enterprise’s requirements.

Description:

Analyze Potential Value and Recommend Solution describes how to estimate and model the potential value delivered by a set of requirements, designs, or design options. Potential value is analyzed many times over the course of a change. This analysis may be a planned event, or it may be triggered by a modification to the context or scope of the change. The analysis of potential value includes consideration that there is uncertainty in the estimates. Value can be described in terms of finance, reputation, or even impact on the marketplace. Any change may include a mix of increases and decreases in value.

Design options are evaluated by comparing the potential value of each option to the other options. Each option has a mix of advantages and disadvantages to consider. Depending on the reasons for the change, there may be no best option to recommend, or there may be a clear best choice. In some cases this means the best option may be to begin work against more than one design option, perhaps to develop proofs of concept, and then measure the performance of each. In other instances, all proposed designs may be rejected and more analysis may be needed to define a suitable design. It is also possible that the best
recommendation is to do nothing.

Inputs:
  • Design Options
  • Elements:
    • Expected Benefits
    • Expected Costs
    • Determine Value
    • Assess Design Options and Recommend Solution
      • Available Resources
      • Constraints on the Solution
      • Dependencies between Requirements
    Guidelines and Tools:
    • Business Objectives
    • Current State Description
    • Future State Description
    • Risk Analysis Results
    • Solution Scope
    Techniques:
  • Acceptance and Evaluation Criteria
  • Backlog Management
  • Brainstorming
  • Business Cases
  • Business Model Canvas
  • Decision Analysis
  • Estimation
  • Financial Analysis
  • Focus Groups
  • Interviews
  • Metrics and Key Performance Indicators (KPIs)
  • Risk Analysis and Management
  • Survey or Questionnaire
  • SWOT Analysis
  • Workshops
  • Stakeholders:
    • Customer
    • Domain Subject Matter Expert
    • End User
    • Implementation Subject Matter Expert
    • Project Manager
    • Regulator
    • Sponsor
    Outputs:
  • Solution Recommendation
  • Knowledge Area:
  • Requirements Analysis and Design Definition