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QUESTION Business outcomes definition Answer: Drive scope, priorities, trade-offs, and benefit realization decisions QUESTION Characteristics Of Business outcomes Answer: - results focus - important - discrete - see the detail - translatable - measurable QUESTION Business outcomes and SMART goals - characteristics Answer: -Specific (who, what, where, when, why)
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Business outcomes definition Answer: Drive scope, priorities, trade-offs, and benefit realization decisions
Characteristics Of Business outcomes Answer:
Business outcomes and SMART goals - characteristics Answer:
Value Management Process (5 stages) Answer:
Idea document Answer: Used in Stage 1 of value management process - Capture Value Ideas Idea, stakeholders, definition, consequences, etc
Value Plan Answer: Stage 2 of value management process - Create Value Plan Key deliverables:
Business case components (10)
Portfolio Mgmt - Planning and Execution Info Flow Answer: Business Planning (corp strategy, investment planning, monitor value realized) ⬛ Portfolio Mgmt (strategic opportunities, execution, assets & services) ⬛ Program Mgmt (integrated programs, enterprise architecture, reporting & data collection)
Investment Life Cycle Answer:
Four asset classes (Weill & Broadbent) Answer:
Informational Asset Class Answer: Informational - provide better information to manage, control, account, communicate, analyze and make decisions
Strategic Asset Class Answer: Strategic - gain competitive advantage through positioning the firm in the marketplace, usually with the aim of gaining sales
Transactional Asset Class Answer: Transactional - reduce cost of doing business, usually by automating the transactions of the firm for substituting capital for labor
Infrastructure Asset Class Answer: Infrastructure - provide the base foundation of shared IT services
Portfolio Balancing for Strategic Fit
Business Transition Management Definition Answer: A deliberate approach for managing the human dynamics before, during and after implementing a business change initiative in order to prevent "business value leakage"
Linking Business Drivers with Technology Answer: Discovery technique
Solution-based vs Value-based Discussions Answer: Solution-based: start with what we provide and connect that to a customer problem Value-based: start with customer's most pressing problems and needs (preferred)
Customer Value Hierarchy Answer:
Relationship Value Mapping Answer:
Relationship Improvement Planning Answer:
Strategy on a Page - definition Answer:
Business Capability Roadmapping Answer:
Value management definition Answer:
Value management framework Answer: Cycle of:
Roles of BRM in BTM (business transition mgmt) Answer:
Gleicher's OCM formula Answer: Organizational change occurs when... (U x V x FS) > R U = Urgency V = Vision FS = First Steps R = Resistance
How pain drives change Answer:
3 things needed to engage people in change Answer:
Art of Rhetoric Answer: Persuasive communication through ethical, logical and emotional proofs
Ladder of inference Answer: Actions Beliefs Conclusion Assumptions Interpreted reality Selected reality Reality and facts "Reflexive loop" our beliefs affect what data we select
Influence - 6 principles Answer:
Influence Process Answer:
Framing Dialog Enrollment
Framing a message Answer:
COBIT, ISO/IEC 20000 - 1:2011 and the SFIA skilss frame work Answer: Which industry standards, mostly associated with information technology, service management and IT profession have referenced the BRM roled?
House of BRM - 4 pillars (core disciplines) Answer:
House of BRM - Roof
3 BRM Metaphors Answer:
High Level Capability Model (3) Answer:
Business-Provider Maturity Model Answer:
What is BRM responsibility for Value Optimization? (RACI) Answer: Responsible
BRM Related Standards (3)
Answer:
Business Relationship Maturity Model Answer:
Business-Provider Alignment Model Answer:
Business-Provider Alignment Model - Barriers Answer: