Dynamic Cost Benefit Analysis

What is dynamic cost benefit analysis?

By linking key performance indicators to project investment portfolios, ITCentrix automatically updates CBA's when corporate forecasts are revised. Revenue, headcount, salary budgets, change in IT strategy, levels of automation competitive rates of change and alternative customer-facing strategies will all impact CBA projections. This becomes especially important for investment portfolios that evolve over longer periods of time.

We've observed that organizations don't scrap existing infrastructure and build each new initiative from scratch...rather they co-opt existing structures and adapt them to new market realities.

Adaptations involve compromises. Each part of the organization has a job to do that may or may not be in harmony with the new initiative.

ITCentrix provides the industry's first software solution that allows organizations to evaluate different investment alternatives in the context of the existing (and future) organizational parameters

How we fit into your existing project selection processes...

ITCentrix software is designed to complement existing organizational processes and streamline the Strategic Planning, Governance and ongoing Portfolio Management of investment projections from concept to end of life:

• Concept - Idea phase where managers make broad estimates of an investment’s potential and answer the question – “is this investment worth considering?"

• Concept Testing - Background research phase where the idea is discussed with colleagues, partners and customers to flesh out the requirements of the proposed investment.

• Cost Benefit Analysis - A business case is developed with one time and ongoing costs and benefits with projections of the investment’s performance over time. At this point, the project will compete with other projects for funding / approval and advocates will zealously vie for their proposals.

• Approval and Funding - An investment is selected and management funds the effort. The idea goes into project mode and the lifecycle of the investment begins:

1. Plan
2. Design
3. Implement
4. Manage

Throughout the investment cycle, ITCentrix links CBA’s to corporate forecasts and enables changes to be reflected in the investment portfolio, dynamically.

To learn more about how Dynamic Cost Benefit Analysis can adapt within your investment selection processes contact us.