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Business Value

The following article is a sample from the full BVOP™ Ultimate Guide and is part of the preparation for the BVOP™'s modern Agile Project Management Certification Program.

Business Value is a common and widely used term covering many topics related to the general well-being of organizations, economic factors, products, customers, projects, and management models.

The business value in the context of Business Value Oriented Principles (BVOP) refers to adding positive effort to:

  • Organizational culture
  • Human Relations
  • Relationships between business and people
  • Employee attitude, skills, and maturity
  • Human Resources
  • Work processes
  • Contributing
  • Time-to-market
  • Reducing waste
  • Shortened production processes
  • Usability, utility, and value of products
  • The satisfaction of users and clients
  • Innovation

The BVOP states that adding an effort to any of the topics listed may positively affect others and the overall business value of the organization and products may increase.

Business value can be added by anyone involved in organizations, their products, and projects.

Major examples of added business value

  • Organizational culture provokes people to be proactive, contribute, share and be aware of the business goals of the organization.
  • Modernization and innovation.
  • People in the organization demonstrate respect for each other and work productively.
  • The number of people leaving the organization is limited to a minimum.
  • Conflicts and negative environment are minimized.
  • The organizational brand image grows.
  • Everyone in the organization constantly improves their personal and professional qualities.
  • Team members seek and eliminate impediments without waiting for management to do so.
  • Management and team members work together in optimizing processes and speed up development time.
  • Costs are managed and carefully planned.
  • Tools and environments are constantly improved.
  • Unnecessary documentations, processes and communications are avoided.
  • Root causes of issues, defects, and impediments are analyzed, tracked and eliminated.
  • Quality standards are followed and met without a significant waste of time and resources.
  • Overwork is managed and teams do not spend too much time on trivial tasks.
  • Documentation and requirements are created and maintained in an easy and comfortable style, so everyone understands them with ease and saves time from unnecessary discussions and misunderstandings.
  • Meetings and discussions do not lead to a waste of time and always lead to desired results.
  • Product development focuses on the most important goals and needs.
  • All outcomes, concepts and product versions are validated with real users and the risk of an undesired product is limited.
  • Customers' and users' satisfaction constantly grow.

Waste

The BVOP focuses on eliminating waste in all offices, products, projects, and processes in organizations.

What is Business Value in Project and Product management
BVOP Community Reviews
  1. Barbara J. Cooper, BVOP Mentor

    The business value topic is usually omitted when talking about managing organizations, projects, or products. BVOP, in addition to emphasizing business value, expands the topic, adds a lot of new knowledge and involves people in organizations as a major source of value.

    Profit is not the only thing that business organizations need to focus on. This is an outdated ideology of the previous generation of revenue-focused activities, where nothing else matters. We have all witnessed over the last few decades how far this has happened.

    Contemporary organizations, projects, products, teams, and users have a new vision of the world, defend causes, communicate daily online, share and fight for a better world.

    In the context of people involved in companies, any modern organization must take care of the attitude, well-being, and development of its staff.

Comments of our guests
  1. Scott Samuel
    In my view, business value can be gained from many practices and processes. The problem, however, is whether the company recognizes the "cost" of business value. If we try to increase the business value of development processes, but at the same time the company's bosses do not realize the motivation of the teams, for example, or the working environment, all this effort is in vain. Focusing on a goal, but ignoring the whole state of your business is the biggest enemy of any organization. Few are the big managers who can deal with such situations.
  2. Marta Lee
    Amazing publication. I rarely meet such valuable resources, but the Business Value Oriented Principles is already my favorite one. Sources of a business value can be found everywhere and multiple approaches may be helpful in increasing it. The examples above are great and not very mature organizations can benefit from this list.
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The BVOP Certificates

Certified Chief Executive

The BVOP Chief Executive is the core driver of the Business Value Oriented Principles and the most advanced figure and leads the interest of the organization.

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Certified Program Director

The BVOP Program Director manages the entire business value oriented program management office and have exceptional expertise and applies strategies.

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Certified Agile Director

The BVOP Director is the most advanced and important role inside Agile products and services-based organizations.

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Certified Project Manager

The BVOP Project Manager is an advanced and competent business, product and technical role and a key factor for success of the projects.

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Certified Product Manager

With advancing design, development, technical and business knowledge, the BVOP Product Manager is a master role and decision maker for the products.

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Certified Product Owner

Responsible and skilled BVOP Product Owners balance both business and technical needs using Agile approaches and provide business value for products.

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Certified Scrum Master

The BVOP Scrum Master role combine skills, Agile thinking and project management practices to enchant processes, teams and stakeholders.

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Certified Human Resources Manager

People are the greatest assets of any organization. Balancing the people and organization needs

Get Certificate $140   $70