Few things are more important to the smooth operations of a business than their enabling technology. Navigating the vast seas of potential solutions and then successfully implementing and realizing the value of the technology can be incredibly challenging, but why? And, more importantly, is there a better way?
The fundamental challenge of realizing value from technology investments stems from misaligned goals and incentives, starting with the vendor’s team. Generally speaking, every software vendor and implementation service provider breaks their teams and projects into three phases, with specific goals motivating them through the process:
We think there is a better way, and we call it the Value Management Office (VMO). The VMO helps business owners and their teams understand the risks throughout a technology project, and serves as a client-side project leader to work closely with all of the vendor teams. The VMO becomes your end-to-end architect of value creation. Here is a brief overview of what a VMO does:
Integrating a VMO into your next tech initiative can help replace fear and unknowns with a plan for success when it comes to realizing value for your investment.
Cohen & Company is not rendering legal, accounting or other professional advice. Any action taken based on information in this blog should be taken only after a detailed review of the specific facts and circumstances.
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