Executives, business managers, and technology professionals must perform economic comparisons of their investments and initiatives to determine the prioritization within the practice of portfolio management. Genius® Compare is a software application that assists in making economic comparisons of new projects, new investments, and new management initiatives.Genius Comparealso enables the User to account for qualitative, in addition to quantitative, indicators.With the functionality available within the Genius Comparetool, Users can objectively define and rate qualitative elements.
Genius Compare uses a Compare Index that is configured by the management of the organization using Genius Compare. The Compare Index can include any of the traditional financial measures (Compare Indicators), such as NPV, IRR, ROI, Payback, Total Cost of Opportunity, Total Benefit of Opportunity™, Total Risk of Opportunity™, Risk of Not Investing, as well as non-quantitative indicators such as the alignment to strategic objectives.
Features ·Permits comparison of Business Cases created with Genius Pro, Genius Base, and Genius Analyzer d ·Compares from as few as two Business Cases, to as many as hundreds of Business Cases d ·Compares alternate scenarios of the same initiative d ·CompareIndex is configured by each company d · Can use any of the common financial measures, such as Compare Indicators, to calculate the CompareIndex d · Supports up to ten (10) user-defined CompareIndicators, including tangible and intangible type indicators, such as strategic alignment d ·Both common and User-defined Compare Indicators can be designated as “Deal Breakers;” i.e., if their minimum criteria is not satisfied, the overall Compare Index is set to 0
Benefits ·Assists in choosing the projects and investments that produce the best economic value for the enterprise d ·Ability to rate projects aimed to measure strategic and intangible indicators d · Assists in determining the success of technology and non-technology projects using economic decision factors d · Assists in the prioritization of investments and expenditures