Essence Alpha - OPPORTUNITY
OPPORTUNITY
Identified
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An idea for a way of improving current ways of working, increasing market share or applying a new or innovative software system has been identified. -
At least one of the stakeholders wishes to make an investment in better understanding the opportunity and the value associated with addressing it. -
The other stakeholders who share the opportunity have been identified.
Solution Needed
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The stakeholders in the opportunity and the proposed solution have been identified. -
The stakeholders' needs that generate the opportunity have been established. Any underlying problems and their root causes have been identified. -
It has been confirmed that a software-based solution is needed. -
At least one software-based solution has been proposed.
Value Established
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The value of addressing the opportunity has been quantified either in absolute terms or in returns or savings per time period (e.g. per annum). -
The impact of the solution on the stakeholders is understood. -
The value that the software system offers to the stakeholders that fund and use the software system is understood. -
The success criteria by which the deployment of the software system is to be judged are clear. -
The desired outcomes required of the solution are clear and quantified.
Viable
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A solution has been outlined. -
The indications are that the solution can be developed and deployed within constraints. -
The risks associated with the solution are acceptable and manageable. -
The indicative (ball-park) costs of the solution are less than the anticipated value of the opportunity. -
The reasons for the development of a software-based solution are understood by all members of the team. -
It is clear that the pursuit of the opportunity is viable.
Addressed
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A usable system that demonstrably addresses the opportunity is available. -
The stakeholders agree that the available solution is worth deploying. -
The stakeholders are satisfied that the solution produced addresses the opportunity.
Benefit Accurued
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The solution has started to accrue benefits for the stakeholders. -
The return-on-investment profile is at least as good as anticipated.