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Evaluating the efficacy of value-driven methods: A controlled experiment

Abstract:

A value model is used to describe the rationale of how an organization creates, delivers, and captures business value. Value-driven development methods use the notion of “economic value exchange” to define more efficient business strategies and align Information Systems with the organization goals. Current value-driven methods are complex and there isn’t enough empirical evidence about which of the existing methods is more effective under what circumstances. This paper addresses this issue by presenting a controlled experiment aimed at comparing the Dynamic Value Description (DVD) method, a recently defined cognitive early requirements approach, with the well-known e3value method, with respect to their effectiveness, efficiency, perceived ease of use, perceived usefulness and intention to use. The results show that DVD has proved to be a promising method for specifying business value.