Measure ROI for Every Major Engineering Investment

This standard mandates measuring ROI for every major engineering investment to ensure technology investments are delivering tangible value.

1. Measure ROI for Every Major Engineering Investment:

Ensure technology investments are delivering tangible value. This approach ensures that investments are justified and effective.

• 1.1 Clear KPI Definition:
  • 1.1.1 New Technology Tracking:
    • Define and track clear KPIs for new technologies, tools, and platforms.
    • Automate the tracking of KPI definitions.
  • 1.1.2 KPI Management:
    • Automate the tracking of KPI measurements.
    • Implement KPI tutorials.
• 1.2 Cost-Benefit Analysis:
  • 1.2.1 New Framework Adoption:
    • Conduct cost-benefit analyses before adopting new frameworks, services, or infrastructure.
    • Automate the generation of cost-benefit analyses.
  • 1.2.2 Analysis Management:
    • Automate the tracking of cost-benefit analysis outcomes.
    • Implement analysis feedback collection.
• 1.3 Investment Review:
  • 1.2.3 Performance and Impact Adjustment:
    • Regularly review engineering investments and adjust based on performance and impact.
    • Automate the tracking of investment reviews.
  • 1.1.3 Review Management:
    • Automate the tracking of investment adjustments.
    • Implement review tutorials.

By measuring ROI, organisations can ensure investments are valuable and effective.

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