{"id":266,"date":"2018-04-27T14:42:12","date_gmt":"2018-04-27T14:42:12","guid":{"rendered":"http:\/\/freedville.com\/blog\/?p=266"},"modified":"2018-04-27T14:42:12","modified_gmt":"2018-04-27T14:42:12","slug":"business-value-not-technology-drives-project-success","status":"publish","type":"post","link":"https:\/\/freedville.com\/blog\/2018\/04\/27\/business-value-not-technology-drives-project-success\/","title":{"rendered":"Business value, not technology, drives project success"},"content":{"rendered":"<p>I&#8217;ve been reflecting on past projects and where we have had challenges.\u00a0 The biggest challenges have been when project teams were solely focused on technology instead of the business value of their project.<\/p>\n<p>Lewis Carroll said &#8220;If you don\u2019t know where you\u2019re going, any road will take you there.&#8221; For any successful journey, you need to know where you are going.<br \/>\nThe converse of this quote is that if you don\u2019t know where you want to end up, you\u2019ll never be able to get there. This happens more often than we\u2019d like to admit. We are good at \u201cgoing\u201d, at being busy. We need a constant reminder for our North Star \u2013 the thing that we are continuously driving to, our guiding principles. (Remember that project you were on where everyone WASN\u2019T focused on the same North Star &#8211; and how painful that was?)\u00a0 Our guiding principle should be delivering business value.<\/p>\n<p>I was on a project where my team built a document analysis tool for a client. The client wanted to analyze a set of documents and assign a rating score to the document set.\u00a0 A technical optimization would be apply the absolute best, most accurate, machine learning model to it. However the client\u2019s problem was not just accuracy \u2013 they needed extreme transparency on how the risk score was derived. If we had focused only on technology, had shown up with a Neural Net, our solution would not have been used \u2013 it would not have delivered the value our client needed. We were able to succeed because we focused on business value for the client.<\/p>\n<p>Business value should ideally be centered around a <a href=\"https:\/\/en.wikipedia.org\/wiki\/SMART_criteria\">SMART goal<\/a> that all key stakeholders agree on.\u00a0 This SMART goal is the North Star for your project &#8211; if you are progressing towards this goal, you are succeeding.\u00a0 If you don&#8217;t have this goal, you are just wandering down any road.\u00a0 Related to the SMART goal are metrics that achieve this goal.\u00a0 Don&#8217;t focus solely on technological metrics (accuracy, F1, etc) &#8211; think hard about what the business metrics are (efficiency, revenue, etc). and make sure you are measuring them.\u00a0 If your goal is efficiency, continually measure how long it takes to do X.\u00a0 Technological metrics can support business metrics but they are not the whole story, and by focusing on technology only you will not achieve business value.<\/p>\n<p>Everyone on your project should be focused on the same driver(s) of business value, the same North Star. No matter your role on a project, you should know exactly how your work contributes to business value, and you should make sure your conversations and work on the project drive to that business value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;ve been reflecting on past projects and where we have had challenges.\u00a0 The biggest challenges have been when project teams were solely focused on technology instead of the business value of their project. Lewis Carroll&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/freedville.com\/blog\/wp-json\/wp\/v2\/posts\/266"}],"collection":[{"href":"https:\/\/freedville.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freedville.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freedville.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freedville.com\/blog\/wp-json\/wp\/v2\/comments?post=266"}],"version-history":[{"count":1,"href":"https:\/\/freedville.com\/blog\/wp-json\/wp\/v2\/posts\/266\/revisions"}],"predecessor-version":[{"id":267,"href":"https:\/\/freedville.com\/blog\/wp-json\/wp\/v2\/posts\/266\/revisions\/267"}],"wp:attachment":[{"href":"https:\/\/freedville.com\/blog\/wp-json\/wp\/v2\/media?parent=266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freedville.com\/blog\/wp-json\/wp\/v2\/categories?post=266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freedville.com\/blog\/wp-json\/wp\/v2\/tags?post=266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}