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Executive Briefing: Business Intelligence and CPM: Why smart organisations use a Proof of Concept to deliver
The selection of a new performance management system can be a stressful and risk-laden project.
So, how can an organization de-risk the development of a performance management system and improve the project’s prospects for success?
This FSN executive briefing describes the Proof of Concept methodology – a form of Rapid Application Development (RAD) or prototyping. As the name suggests, a Proof of Concept is building a trial application – something that is a close approximation to the final deliverable but without the finishing touches. It provides good insight into whether a packaged application can cope with the functional requirements of the user organization without going to the effort of preparing a lengthy paper-based functional specification.
If the Proof of Concept has done its job, then the user organization and the supplier will both be highly confident in the successful outcome of the project. Read on to learn more!