This seems to be a very good exercise that IT teams and business owners need to do on a regular basis.
SearchCIO.com:
...One exercise that can help stakeholders assess an application's business value is a cost-and-performance diagram. The diagram lets you analyze the cost of the underlying modules or functions of an application against the performance of the group using that function or application. At an insurance company, for example, an application can be broken down into policies, claims, inspections and so on.
Participants then highlight the performance of the functions in red (as in a red flag), yellow and green to show users within a given group the costs of maintaining that application function. ...[Read the rest]
posted by: gqpartner

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