Portfolio and Project Management: Identifying Project Benefits

Overview

What’s in it for me?

Most people are not interested in how cars work, but they are interested in getting to their destination safely and comfortably. The same goes for information technology. People are not interested in how computers, software and networks work. Rather, in how they can use these tools to do new and interesting things or make their lives easier. It is up to the technology providers to help people understand, in terms that matter to them, the value of the technology they use.

Be Short and Avoid Jargon

Don’t write a novel! Readers will grow impatient if they have to wade through lengthy textual descriptions and have to interpret business process or technical jargon.

Example

Avoid - long and full of jargon
Increased Anthropogenic Seismicity Rates Are Associated with Operational Parameters of Hydraulic Fracturing
Good - short and clean
Fracking Causes Earthquakes

Define Acronyms

Spell out acronyms - they may make sense to your immediate team or division, but someone from another part of ITS or the university may have no idea what you’re talking about.

Example

NSF
National Science Foundation
NSF - The National Public Health and Safety Organization
National Sleep Foundation

PPI
Private Personal Information
Psychophysiological Interactions
Protein-Protein Interaction

Link to Service Outcomes

It is not about the technology, but rather what we do with the technology.

Example fabricated from an ITS service:

Avoid - technology focused
ITS CS and DC collaborated with ResComp to upgrade Northwood IV ethernet From 10BASE-T with Cat3 cabling to 1000BASE-T with Cat5e cabling.
Good - customer outcome
ITS collaborated with University Housing to upgrade the family housing network. As a result, a movie that took 1 hour to download, can now be viewed within 20 seconds.

Identify Benefit Metrics

Differentiate between soft benefits like service improvement or risk reduction, and hard benefits such as time savings, cost savings, cost avoidance, or increased revenue. When citing hard benefits, be sure to indicate how they were calculated. For more information on calculating benefit metrics, refer to Identifying IT Metrics.