TRM analysis is a three-pronged approach to streamline business prioritization that scales to work at any level. Adoption allows comparison of any project, idea, task against another based on VALUE creation, no matter if it comes from your marketing, sales, or engineering department. Furthermore, it can be done by anyone - expanding your business's decision-making intelligence.
Getting started
TRM takes the traditional cost-benefit analysis and adds structure to both sides, making it possible to compare cost/benefits universally. In TRM, I replace cost/benefit with VALUE. To gain value, you must give up value. Maximizing the value earned for what is spent is the goal. The trick is how do you turn value into something quantifiable?
Three pillars of value
Value can be broken down into three pillars: time, risk, and money.
(I imagine you may find this hard to believe, if so, please review my reframing of broader values into these three pillars.).
(I imagine you may find this hard to believe, if so, please review my reframing of broader values into these three pillars.).