Technology ROI Validation™
The Technology ROI Validation™ (TRV)
tool captures the return on investment (ROI) from your technology
or automation projects in an accurate, tangible, precise way.
How
do you determine which project to begin?
You are presented with technology projects offering solutions to varying
business processes. And you want the one that delivers the best return
on investment. With capital funding for new technology becoming scarce,
an accurate ROI methodology and validation tool can prove to be invaluable.
Many organizations are not achieving the returns they expected on
technology projects. They are discovering, too late, that the technology
has been oversold – whether by an IT vendor or from their own
internal IT departments.
You need TRV to have a reliable, factual way to validate the ROI of technology projects. By carefully measuring all aspects and details of the current business process, TRV establishes a baseline of workflow with a proven process-oriented methodology to accurately project your estimated time and cost savings.
This precise ROI projection is based on process time and cost savings as calculated using the ‘pre-technology' baseline. If the projection differs significantly from the vendor's stated figures, you need to ask the vendor some tough questions.
How will you know the technology is worth it?
The final feature of TRV is a post-implementation snapshot of the
‘new' process. Post-implementation unit times and costs are compared
with the baseline to provide a true, reality-based ROI figure for
the project.
Analyzing the proposed technology implementation and comparing to
the baseline information, an accurate projection of time and cost
savings is presented. Fact-based conclusions are crucial for capital
funding decisions.
After the technology is fully implemented, you need measures and validations of the time and cost savings of the actual changes in a working environment. TRV delivers your complete ROI information.
How
Technology ROI Validation™ Works
Technology ROI Validation™ accurately and precisely determines
the operating reality of a department or business process. As little
as six weeks are required to produce the high quality and accurate
metrics you need for important technology decisions.
Using the Structured Metrics® methodology, TRV begins with a precise measurement of the current operating reality in the department or area to be impacted by the proposed technology project. The magnitude of the changes in workflow as a result of the technology implementation are translated into time and dollar cost savings.
A model is built to project a future state for those processes and activities that will be impacted by the implementation of technology. Process changes can include smaller activity unit times, less steps in a process, high process efficiency or throughput, decreased cycle times, improved process quality and overall process streamlining.
TRV provides ROI validation through its detailed approach to process
measurement.Using estimated time savings at the activity level or
the entire elimination of certain processes, the TRV team calculates
both the time and dollar cost savings of implementing the proposed
technology. Because of TRV's detailed activity assessment approach,
the savings can be pinpointed to specific activities in a process.
The result is a very precise ROI projection.
In certain circumstances, an organization may require the corroboration
of the original business case ROI figure with actual time and cost
savings. In such an instance, the TRV team takes a second snapshot
of the impacted business unit after the completion of the project.
This second, post-implementation assessment would be compared with
the original pre-implementation assessment to yield the actual and
precise return on technology investment.
Do you need to know the true value of a proposed technology solution?
Contact Insight Analytics to get started
now.
