tracervalg
Tracervalg is a conceptual framework used to trace and compare the potential value of alternatives within decision-making processes. It combines traceability techniques with value assessment to support prioritization and resource allocation in projects and product development.
Origin and terminology: The term tracervalg is a neologism that blends "trace" and "value" with a suffix
Core concept: The method centers on creating a map of value signals from outcomes back to inputs,
Process and practices: A typical tracervalg workflow includes:
- mapping value streams and decision points;
- identifying value signals and stakeholders;
- scoring options on criteria such as impact, cost, risk, and time;
- applying decision gates to approve or deprioritize options;
- monitoring actual results and revising forecasts.
Applications and scope: It is used in software product development, IT project portfolios, policy evaluation, and
Relation to other methods: Tracervalg draws on value stream mapping, decision analysis, and cost-benefit analysis, but
Limitations: Success depends on data quality and stakeholder alignment; it can be time-consuming and may introduce
See also: value stream mapping, decision analysis, traceability, impact assessment.