This paper introduces Gartner’s Total Value of Opportunity (TVO) methodology “a metrics-based, standard methodology for comprehensive investment analysis of any IT-enabled business initiative.”
This quick overview of the WiBe Framework starts with a discussion on economic efficiency as it relates to IT projects and then describes how the WiBe Framework is designed to measure it.
The authors argue that organizations pay lip service to IT investment management – they insist on a business case for every IT investment but do not apply the rigor to what is contained in it. The resulting lack of IT investment results is both expected and can be fixed using a better business case framework developed by the authors.
ICT Business case guide (Cost Estimation and Risk Management) provides instructions on using the ICT business case template to justify, and monitor it investments.