Enterprises must learn how to adapt quickly to the digital age or become extinct, no matter their size, their strength, or how smart they are. Business agility isn’t an option; it’s a business imperative.
“The world is now changing at a rate which the basic systems, structures, cultures built over the past century cannot keep up with the demands being placed on them”
John P. Kotter
One of the key challenges to achieving business agility is aligning technology development to business strategy. The act of defining and communicating an aligned strategy for the enterprise is not simple and yet nothing could be more critical to improving overall business outcomes
What changes might this mean?
Traditional approaches to portfolio management are not designed for today’s rapid pace of digital disruption. Businesses must work with more uncertainty while delivering innovative solutions faster. As a result, portfolio management approaches must quickly evolve to a Lean-Agile way of working.
- People organized to deliver business ‘value streams’ rather than functional silos
- Funding aligned to value streams rather than projects
- Dynamically adjusted planning rather than top-down annual planning cycles
- Portfolio demand managed in a Kanban approach rather than centralized, unlimited and wish based
- Business cases are lean, based on hypotheses rather than speculative return on investment
- Values streams empowered to deliver incremental delivery of working solutions rather than milestones, phased gates and task by task completion tracking
How can I find out more?
For more information on Lean Portfolio Management – https://www.scaledagileframework.com/lean-portfolio-management/