Business process management/Pipeline selection

Summary
Opportunities at some organizations are evaluated with a standardized framework for selection. With limited resources to meet the demand of all possible projects, these organizations pick opportunities based on defined criteria. These criteria include costs, benefits, and the time to realization or delivery.

All opportunities are presented for selection with similar highlights, making comparison easier. The strategic objectives are enumerated and ranked. Problem statements at the process level are identified along with possible solutions. The costs for each approach and the cumulative effect are captured, and then the aggregate report is submitted for consideration.

Once underway, the projects are evaluated on a regular basis. Specific, production-realized, results are then required every three to four months with releases to the end-users. The projects themselves last several releases, but the end-users and the organizations see tangible benefit throughout.