A shared value view is critical to be able to select and prioritize features quality during development or acquisition of products or services.
To move from cost focused to value-based product development or acquisition depends on all in an organization sharing an understanding of “value” as a concept. What types of value exist? What value aspects are most important for a certain product at a specific time? A shared value view is critical to be able to select and prioritize features and quality during development or acquisition of products or services. Regrettably we are too good at focusing on cost – which per definition is meaningless without value.
You can achieve value focus by using the value decomposition offered in the (Software) Value Map™ (SVM). SVM is developed and refined by industrially applied researchers at Blekinge Institute of Technology in close collaboration with over a dozen companies over five years. Using the SVM has shown significant benefits in selection and prioritization of requirements, but also enabling value based strategic assessment.
SVM is a detailed breakdown of 58 important value aspects – taking external customer based value aspects, but also internal business and technical value aspects into account, such as pre-emptive control of technical debt and architectural aspects. Through the use of SVM you can: