While the models and techniques developed through this research provide a high degree of precision and mathematical certainty, they require extensive data and time to prepare. Our research shows that IT managers need a new, pragmatic, and quick approach to understanding and quantifying the value of IT investments. REJ is a framework to help IT professionals analyze and optimize the economic performance of IT investments, and appropriate optimal resources and capital for IT projects. The focus is on business improvement, which may include operational efficiency as an important element, but not the primary focus. In a collaborative process, REJ enables both business and IT stakeholders to understand how technology capabilities can improve the metrics that define success for the business.
REJ work starts with the understanding the business and ends with the metrics.
Each step is articulated in the language of the business, so business executives clearly understand the tangible impact of the IT initiatives and gain a greater understanding and appreciation for the strategic implications of IT investment. This method is faster and more flexible than traditional methods, and produces just enough data to avoid the analysis paralysis that can often occur in developing a business case. The REJ process consists of five individual steps, resulting in new optimization opportunities for you IT project. Each step focuses on a specific dimension of the economic analysis. The REJ Framework follows five logical steps represented below to derive the business value.