{"id":20692,"date":"2021-03-30T09:00:00","date_gmt":"2021-03-30T14:00:00","guid":{"rendered":"https:\/\/blog.planview.com\/forrester-tei-study-shows-tasktop-can-deliver-a-customer-roi-of-496-over-three-years-with-a-payback-period-of-less-than-3-months\/"},"modified":"2021-03-30T09:00:00","modified_gmt":"2021-03-30T14:00:00","slug":"forrester-tei-study-shows-tasktop-can-deliver-a-customer-roi-of-496-over-three-years-with-a-payback-period-of-less-than-3-months","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/forrester-tei-study-shows-tasktop-can-deliver-a-customer-roi-of-496-over-three-years-with-a-payback-period-of-less-than-3-months\/","title":{"rendered":"Forrester TEI\u2122 Study Shows Tasktop Can Deliver a Customer ROI of 640% Over Three Years With a Payback Period of Less Than 3 Months"},"content":{"rendered":"<figure>\n<div class=\"feature-image\"><img decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/media.planview.com\/tasktop_blog\/wp-content\/uploads\/2021\/03\/tei_blog-image-850x550.png\" alt=\"Forrester TEI\u2122 Study Shows Tasktop Can Deliver a Customer ROI of 640% Over Three Years With a Payback Period of Less Than 3 Months\"><\/div>\n<\/figure>\n<p><span style=\"font-weight: 400;\">I am pleased to share the findings of a Forrester Consulting Total Economic Impact&#x2122; study that evaluates the cost savings and business benefits enabled by Tasktop&#x2019;s <\/span><a href=\"\/did-your-organization-wake-up-as-a-software-company-consider-value-stream-management-vsm\"><span style=\"font-weight: 400;\">value stream management (VSM)<\/span><\/a><span style=\"font-weight: 400;\"> platform, <\/span><a href=\"https:\/\/www.tasktop.com\/platform\/viz\"><span style=\"font-weight: 400;\">Planview Viz&#x2122;<\/span><\/a><span style=\"font-weight: 400;\">. We commissioned this study to quantify and share what our customers were already telling us &#x2013; that we were dramatically changing how they do business by improving how they manage their software delivery at scale.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Forrester researchers took a multistep approach to evaluating the impact that Tasktop can have on an organization, including interviews with several existing customers to gather data on costs, benefits and risks, as well as risk-adjusted financial modeling. They created a composite organization and based on the interviewed companies that deployed Viz, concluded that the composite organization experienced benefits worth $18.9 million, incurring costs of less than $3 million over a three-year period. This adds up to a net present value of $15.7 million and an ROI of 640%.&#xA0;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/go.tasktop.com\/forrester-total-economic-impact-report.html\"><span style=\"font-weight: 400;\">study <\/span><\/a><span style=\"font-weight: 400;\"><a href=\"https:\/\/go.tasktop.com\/forrester-total-economic-impact-report.html\">lists the following benefits<\/a>, worth a total $18.9 million:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> &#xA0;<\/span><b>Up to 7% improvement in application delivery productivity over 3 years, leading to millions in reduced delivery costs.<\/b><span style=\"font-weight: 400;\"> The ability to identify and track areas causing delivery delays with a consistent framework for measurement enabled the interviewees&#x2019; organizations to properly manage capacity, allocate resources effectively, and accelerate delivery.<br \/>\n<\/span><\/li>\n<li><b>Reduced reporting and analytics burden for managers, saving managers 2.5 hours per week.<\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> Planview Viz comes with ready-to-use connections to a wide portfolio of software development tools. This allowed the interviewees&#x2019; organizations to seamlessly integrate their toolchains across departments and teams, generating a consistent set of Flow Metrics. Product managers saved an average of 2.5 hours per week by no longer needing to manually develop and report their own metrics.<\/span><\/span><\/li>\n<li><span style=\"font-weight: 400;\"> &#xA0;<\/span><b>Improved employee morale and reduced turnover by 10%.<\/b><span style=\"font-weight: 400;\"> Planview Viz exposed excessive workloads within the interviewees&#x2019; organizations, and it enabled them to better manage capacity. This relieved the burden of some high-burnout roles. Additionally, having a full view of product delivery enabled decision-makers to properly identify tasks or teams causing delays. This reduced friction between business and IT teams that frequently engaged in finger-pointing in the absence of hard data.<br \/>\n<\/span><\/li>\n<li><b>Provided license savings from discontinued management tools totaling more than $600,000.<\/b><span style=\"font-weight: 400;\"> With built-in integrations and visualization capabilities, Tasktop eliminated the need for teams to maintain other third-party visualization and management tools.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">One customer &#x2013; a CIO for a transportation enterprise &#x2013; said, &#x201C;[Having Planview Viz] translates to more on-time deliveries for customers, more milestones achieved, less cost because we are wasting less time, and higher quality because we are eliminating places that made our engineering team cut corners.&#x201D;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overall, we are delighted that Forrester Consulting has confirmed what we hear everyday from our customers: Tasktop delivers tangible and measurable impact in helping out customers drive success with their digital transformations. Our customers know the 640% is important, but really is a drop in the bucket when compared to a world where their economic survival is determined by their ability to deliver software that customers want with speed and quality. That said, we don&#x2019;t intend to rest on our laurels. Instead, we are continuing to enhance our <\/span><a href=\"https:\/\/www.tasktop.com\/forrester-wave-2020\"><span style=\"font-weight: 400;\">leading value stream management platform<\/span><\/a><span style=\"font-weight: 400;\"> to deliver an even greater bottom-line impact to our customers in the months and years ahead.&#xA0;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Make sure you stay tuned for future product announcements by subscribing to <\/span><a href=\"https:\/\/go.tasktop.com\/Mik-Kersten-List-Signup.html\"><span style=\"font-weight: 400;\">Mik&#x2019;s list<\/span><\/a><span style=\"font-weight: 400;\">.&#xA0;<\/span><\/p>\n<h3>Download the Full Report<\/h3>\n<figure id=\"attachment_11416\" aria-describedby=\"caption-attachment-11416\" style=\"width: 357px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/go.tasktop.com\/forrester-total-economic-impact-report.html\"><img class=\"lazyload\" alt height=\"344\" data-src=\"https:\/\/media.planview.com\/tasktop_blog\/wp-content\/uploads\/2021\/03\/tei-03.png\"><\/a><figcaption id=\"caption-attachment-11416\" class=\"wp-caption-text\">Click image to download report<\/figcaption><\/figure>\n<p>&#xA0;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I am pleased to share the findings of a Forrester Consulting Total Economic Impact&#x2122; study that evaluates the cost savings and business benefits enabled by Tasktop&#x2019;s value stream management (VSM) platform, Planview Viz&#x2122;. We commissioned this study to quantify and share what our customers were already telling us &#x2013; that we were dramatically changing how&#8230;<\/p>\n","protected":false},"author":224,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[9544,9545,9543],"tags":[],"class_list":["post-20692","post","type-post","status-publish","format-standard","hentry","category-project-to-product-shift","category-the-flow-framework","category-value-stream-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Forrester TEI\u2122 Study Shows Tasktop Can Deliver a Customer ROI of 640% Over Three 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He also serves as a mentor at the Capital Factory, as a director of the non-profit, TechGirlz, and as an advisor to several startups around the world. He has extensive technology management experience, serving as the COO of Lexcycle (acquired by Amazon), COO of SpringSource (acquired by VMware), and President of SolarMetric (acquired by BEA Systems). Choksi has also managed to wear an Aloha shirt every Friday for the past 8 years.","url":"https:\/\/blog.planview.com\/author\/neelan-choksi\/"}]}},"_links":{"self":[{"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/posts\/20692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/users\/224"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/comments?post=20692"}],"version-history":[{"count":0,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/posts\/20692\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/media?parent=20692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/categories?post=20692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.planview.com\/wp-json\/wp\/v2\/tags?post=20692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}