Chapter 3
Making IT Right: Managing Goals, Time, and Costs
3.1 Before You Start: Assessing Value and Risks
Projects create new products, new services, or new capabilities. The first step of a sound management process is to understand whether the new products, services, or capabilities are worth our effort. The relevance of a project depends, in general, upon two main factors:
- The value generated by the project
- The risks associated with the project.
The meaning of value and risk, however, is not absolute and depends on the circumstances and on the project environment. For instance, a project developed for humanitarian reasons measures value in a different way from a project to launch a commercial product. Similar is the concept of risk. As mentioned ...
Get Introduction to Software Project Management now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
