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.
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.
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 […]
Our ongoing series of blogs about Agile methods offers an in-depth discussion of the method and its impact on an organization. In this blog, we focus on collaboration in agile teams. Most people think of Scrum when they talk about collaboration within Agile. Scrum has definitely been a major contributing factor that has led to […]
Enterprise Portfolio Management (EPM) is the discipline that supports this allocation of investments to various asset categories of the organization, such as capabilities, applications, or infrastructure. EPM helps to create a healthy set of projects and programs that realize strategic goals.
Enterprise Portfolio Management (EPM) is the discipline that supports the allocation of investments to various asset categories of the organization, such as capabilities, applications, or infrastructure, EPM helps to create a healthy set projects and programs that realizes strategic goals.