More mature portfolio management practices enable more effective and efficient delivery of successful digital and ICT initiatives.
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The primary concern was lack of an integrated picture of the digital portfolio’s composition and overall delivery plan. It had also become increasingly difficult to provide executive leadership and senior business managers with a readily consumable roadmap of all initiatives, their touchpoints, and their respective progress status.
A key factor that impacts project success is stakeholder buy-in. Unless project managers win support from people across all levels within the project's organisation, the project may fail to have the desired result. Building personal connections with individuals and groups means that they are more likely to share their perspectives when the project is developing and executing plans.
With sound planning and estimation information understood, decisions can be made with a greater level of confidence in delivery for scope, time, cost, quality, and required resources.
A significant, multi-year change and compliance agenda needing a Transformation Portfolio Management Office and methodologies in 8-weeks.
A large finance sector organisation had embarked on a major and complex project for their lending platform requiring skilled capacity to supplement the existing project team and ensure appropriate management control within the project.
The business gained substantially improved predictability leading up to successful completion of the program - reversing an earlier low confidence in management control and quality of reported information.
Established a forward path with the objective that the project delivery team, the Project Board, and business stakeholders had confidence in their delivery plan.
The ability to effectively identify and manage project stakeholders significantly improves the chances of successful project execution.
Defining and delivering a portfolio can have its challenges, especially when emergent strategic priorities take precedence. Therefore the framework needs to have flexibility.