Enterprise Information System (EIS) Value Assurance Framework (VAF) Risk-Reward Optimization
Gunderson, Christopher R.
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Large Enterprise Information Systems (EIS) projects fail at an alarming rate – especially within the government. Hence, EIS project managers do not typically manage risk effectively. Meanwhile per Moore’s Law, available computational power increases exponentially, or equivalently, cost-per unit of computational power decreases exponentially. Exponentially expanding computational power fuels exponentially better device performance, which provides exponentially improved customer experiences. Moore’s Law is the most recent formulation of the long-observed exponentially decreasing cost per unit of technological functionality. This exponential law is a self-sustaining artifact of competitive pressure. To compete successfully, vendors must continually evolve their offerings per customer expectations. Successful risk management strategies peg all activities to the overarching requirement to a) sustain or harvest the baseline exponential performance-per-cost growth rate, and b) differentiate their specific offerings on the basis of customer perceptions of delivered value-per-cost. Value Assurance Framework (VAF) translates best practices for risk management from traditional exponentially evolving manufacturing sectors, to the much more abstract requirements and less well-established discipline of EIS engineering and acquisition. VAF also applies successful practices for predicting risk in the volatile financial sector to capture additional departures from traditional systems engineering approaches necessary to harvest value from the volatile COTS IT sector.
Approved for public release; distribution is unlimited
NPS Report NumberNPS-IS-14-003
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