This Chart is a visual representation of the VMM Decision Framework with step1of the 4 step VMM process called out. The Decision framework revolves around 3 key elements of Value, Risk, and Cost. In the early steps of the VMM process, a value structure is developed then a risk structure as well as a cost structure. Once these pieces are developed, the user has a “Decision framework” to use in evaluating IT investment alternatives. Step 1 is “Develop a Decision Framework” and contains 4 tasks, which are listed on the slide: Task 1: Identify and Define the Value Structure; Task 2: Identify and Define the Risk Structure; Task 3: Identify and Define the Cost Structure; Task 4: Begin Documentation.
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