Ensure Every Engineering Investment Demonstrates ROI

This standard mandates ensuring every engineering investment demonstrates ROI to ensure development work justifies its cost by providing measurable returns.

1. Ensure Every Engineering Investment Demonstrates ROI:

Development work must justify its cost by providing measurable returns. This approach ensures that investments are valuable and effective.

• 1.1 Business Case Development:
  • 1.1.1 Expected Value and Cost Detailing:
    • Create a business case for significant engineering investments, detailing expected value and cost.
    • Automate the generation of business case templates.
  • 1.1.2 Case Management:
    • Automate the tracking of business case submissions.
    • Implement case tutorials.
• 1.2 Return on Engineering Investment (ROEI) Tracking:
  • 1.1.2 Financial or Efficiency Benefit Linkage:
    • Track return on engineering investment (ROEI) by linking technical work to financial or efficiency benefits.
    • Automate the tracking of ROEI calculations.
  • 1.1.2 Tracking Management:
    • Automate the tracking of financial benefit linkages.
    • Implement tracking tutorials.
• 1.3 Initiative Sunset or Pivot:
  • 1.1.3 Measurable Improvement Failure:
    • Sunset or pivot initiatives that fail to show measurable improvements.
    • Automate the tracking of initiative sunsets.
  • 1.1.3 Initiative Management:
    • Automate the tracking of initiative pivots.
    • Implement initiative tutorials.

By ensuring ROI, organisations can ensure investments are justified.

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