The Business Objective Model (BOM) is one of the foundational models we use as part of the ArgonDigital requirements methodology. The BOM defines the rationale for doing a project. Every BOM has the following key component parts. 1. Problems – the business problems to be solved or addressed 2. Objectives – the targeted objectives or […]
Tag: success metrics
The Robotic Jockey
In the March 1945 issue of “Radio-Craft”, a bold vision was laid out for the future of horse racing: human jockeys should be replaced by motorized, radio-controlled “Robotic Jockeys”. Taken from the same article, the author describes how these new jockeys would work: “The “jockey” would consist of a modern radio receiver, with outputs […]
Using Revenue Properly to Measure Project Success
Objective measures are needed to determine the success and failure of commercial software development efforts. The feedback for companies that sell software as a product or as service is immediate and determined by the marketplace – they either have revenue or they do not. However, for software developed to use internally by companies, there is […]
Six Reasons Organizations Don’t Really Measure Project Success
If posed with this question, leaders of most organizations will put their own companies into the minority camp that actually measure project success. And in a vast majority of cases, they would be wrong. As I pointed out in a prior post on this topic, there are unfortunately as many ways of measuring success as […]
The one success metric that almost everybody uses is the worst success metric of them all
I wrote a previous post telling you that The Purpose of Setting Success Metrics is Not to Achieve Them. Now, I’ll tell you about the worst success metric of them all. Ask any project manager on any project in almost any industry what their chief project success metric is and they’ll tell you one thing: […]
The Purpose of Setting Success Metrics is Not to Achieve Them
Your success metrics should start providing value for the project from Day 1, well before the results are measured. Let me start off with the key point so that you don’t have to read all the way through to get there: the purpose of creating success metrics is to begin action in a purposeful direction […]
Communication Is Crucial
In the 1970’s, a car company marketed their new hot vehicle, called the Nova, in Spanish speaking countries. Widely successful in other regions, the Nova was expected to do equally as well. Unfortunately, sales tanked and the Nova became a disaster. Why didn’t anyone from Spanish speaking countries jump at the chance to buy a […]
User Adoption Metrics that Matter
If a system is deployed and no one uses it, does it exist? How can you recognize the full business value of a system if no one is actually using it correctly? User adoption is, at least indirectly, a critical project success metric. I say “indirectly” because while project success (e.g., increase sales by 10%) […]