Looking back to many discussions about Digital Strategy with different organizations, most of them have the challenge of going through a balancing act day by day. Firstly, a Digital Oriented Organization needs to accept that the roles and responsibilities of Business and IT will merge together, whilst both parties need to enable business and IT […]
Challenges to program and project portfolio management
Often, organizations deal with hundreds of asset and change initiatives. If you don’t have all the facts to support a specific project, portfolio management often becomes “decibel-driven”: those with the loudest voices get their projects approved. So, as a project portfolio manager, how can you improve decision-making? By creating a clear line of sight from initiatives to the effects they have on: • Generating new business • Improving efficiency • Reducing costs • Ensuring regulatory compliance That’s where BiZZdesign can help.
Evaluate and prioritize your initiatives
BiZZdesign’s portfolio management function can help you organize your change initiatives in clear sets. You can define various metrics to evaluate and prioritize your initiatives based on factors such as benefits, cost and risk. Moreover, the platform integrates with enterprise architecture and other disciplines to provide you with full traceability from these initiatives to the results they plan to realize. This gives you a clear picture of the business impact and dependencies of these initiatives, which is crucial in deciding on priorities and planning.
As we have described before, few organizations have a systematic and reliable way of translating a business strategy into action. This requires aligning various disciplines along the same desired business outcomes. This is at the core of BiZZdesign’s approach to business change.
There seems to be a lot of hype recently among CxO’s around ‘Going to the cloud’. Since its potential is so widely acknowledged and advertised and its opportunities seem endless, digitization of the organization is the New Normal. But what exactly does this digitization involve? And, more importantly, can we exploit all its potential?
Everybody is familiar with the SMART abbreviation. It stand for Specific, Measurable, Acceptable, Realistic and Time bounded. But this blog is not about that kind of SMART. In this blog I will discuss how to apply another type of SMART within the context of Enterprise portfolio management.
Do you recognize the continuous balancing of urgent vs. important matters? I am often confronted with urgent matters that need to be resolved quickly such as an escalation within a project, deadlines and engaging in interactions through meetings, e-mails, phone calls and a dozen other channels. On the other hand, I am also often confronted […]