You have developed a strategy. You have built a governance framework. You got the buy-in from stakeholders. You factored in the benefits and drawbacks of different approaches. You have started implementing SharePoint 2010.
So now, how do you to measure the value to show the investment made has been justified? Easy to say but harder to show!
I believe you can measure the value at three levels. These are:
1. Improved productivity
- SP2010 can help speed up how quickly a business problem can be solved.
- You can measure how many fewer people are now involved.
- Compare the time taken now with solving similar faults to what was previously taken.
- Maybe the skills and grade of people needed previously to solve the problems are not needed now.
- Using SP2010 tools to improve the quality of the content, preventing mistakes made in the past, such as accessibility and link checks.
All of these can lead to large amounts of financial savings. The challenge of course is to show what people did with the time saved. More effectiveness rather than more efficiency needs to be demonstrated.
2. Reduced costs
- SP2010 can reduce the cost of licences, technical support, servers, and helpdesks used with existing publishing tools.
- Reducing the variety of tools used the licences (and administration) can save money.
- As existing tools get old they may need increasing support to keep them running.
- Servers need updating which costs too.
- SP2010 should be easier to use than existing tools saving training, helpdesk and online guidance and support costs.
You need to make sure SP2010 is a good fit for your organisation’s needs to save costs. That means getting your strategy and priorities right first!
3. Increased revenue
- People can be more productive saving time and effort with sales bids.
- People can create and share knowledge more easily giving organisations a competitive edge.
- Customer service improves with problems solved quicker leading to increased customer loyalty.
- Better customer solutions with better collaboration through using SP2010.
If your SP2010 strategy is closely aligned to your organisation’s strategy it can exploit this opportunity to add overall value that shows through on the bottom line.
Posted in benefit, collaboration, engagement, intranet, SharePoint 2010, value
Tagged benefit, collaboration, engagement, measure, money, sharepoint 2010, value
I have been invited to speak at a pan-European Conference on Intranet and Portal Management. It will cover portal and intranet evolution, enhanced internal communication and collaboration, and steps towards an Enterprise 2.0 platform.
I have been asked to talk about ‘Getting the best value from managing your intranet and portal’.
For those who are interested but are unable to make the conference you can find my slides here.
Please spare a thought for me. I will need to wake up at 04:30 to catch a train, plane and taxi to the venue in Berlin for my presentation at 11:15 local time. I hope I stay awake during my presentation…………………and the audience do too! :-)
Posted in benchmark, best practice, governance, homepage, intranet, publishing, research, standards, usability, value
Tagged benefit, best practice, bt intranet, homepage, measure, money, research, usability, users, value
I read with great interest Jane McConnell’s blog post on “Vanity” or “Specific value” benchmarking?’. BT has benchmarked its intranet for the past 4 years with the Intranet Benchmarking Forum (IBF). In fact as I write this two IBF people are doing an expert evaluation of our intranet!
BT’s intranet is benchmarked in four broad areas; strategy and governance; metrics and performance; communications and culture; design and usability.
The main aim is to find out where BT sets global best practice and where it can be improved. To assess whether it is meeting the needs of BT and people who use our intranet. All good stuff but…………
It can sometimes be difficult to find out apart from other IBF members where that best practice is and whether it is transferable to BT’s intranet.
It can also be difficult to use the data to justify further investment in BT’s intranet. The IBF do have a financial value benchmark area but that costs more.
So, I’m trying to address Jane’s three questions.
1. I would like to share my benchmarking data with other intranet managers of global organisations with advanced intranets. Any one interested?
2. Identify more of the full value an intranet provides in a form that can be used and understood by people who make the big financial decisions on future intranet investment. Any ideas?
I’ll share the key findings on BT’s benchmarking when known in April.
Last August I posted about BT testing out a new methodology that gives a fuller picture of the overall value your intranet gives your organisation and promised to update you on progress made.
Well, it has taken a long time BUT it has been successful!
I now know how much BT’s intranet is worth in £s, how that is worked out, the different levels of value and can start to use it for future investment funding decisions.
BT has measured the exploited and unexploited value of our intranet in terms of the business processes it delivers. It breaks down into three main types of business value:
- cash saved and revenue generated
- time savings converted into cash
- less tangible benefits such as risk reduction, increased satisfaction and emissions savings
I can’t reveal the exact figures as they are sensitive – sorry. What I can say is that for every £1 invested there is £20+ exploited value achieved and £5 unexploited value still to gain. As BT invests many £millions you can see what a breakthrough this can be in the value everyone can see in our intranet!
BT worked with IBF to develop their financial value tool and have shown the methodology to be sound. The results are as accurate as the information you provide on costs, etc, for the tool to assess.
In the 1990s methodology was developed to measure the value of brands and shown as an organisation’s financial asset. This can now start to happen in a similar way over the next few years with intranets.
Wouldn’t it be good to know what your intranet is worth and contributing directly to your organisation’s bottom line?
BT believes it has a good intranet. The posts on my blog give examples of what we are doing to help our users – everyone in BT and our third parties who use it – do their work using the BT Intranet to find information, share and collaborate and use online applications.
But just how good is our intranet? BT decided a few years ago to get an expert independent assessment.
BT became a global member of the Intranet Benchmarking Forum (IBF). Part of the membership package is to have your intranet benchmarked against global best practice.
Each year the IBF assess our intranet in 4 areas. These are: strategy and governance; performance and metrics (business value); communications and culture; design and usability.
The results have (thankfully) shown that our view of how good are intranet is has been confirmed with solid examples to justify them. It has also helped show the areas we can still improve in.
These are built into our strategy and action plan along with user feedback and business plans and priorities each year.
The work for the 2009 survey has been completed and we’re waiting for the results in March.
I’ll share with you the key findings and what action we plan to take in the next few weeks. It’s no good paying for a report if you are not going to act upon it!
PS All the changes I ordered through BT’s intranet when I moved home were implemented. I have a problem with too few power points and phone sockets that were not wired up by the previous occupants but that’s beyond even the influence of intranets to solve!
Posted in benchmark, benefit, best practice, governance, intranet, standards
Tagged benchmark, benefit, best practice, bt intranet, measure, standards, users, value