{"id":3416,"date":"2016-07-06T07:00:27","date_gmt":"2016-07-06T07:00:27","guid":{"rendered":"https:\/\/blog.planview.com\/?p=3416"},"modified":"2017-12-11T15:05:48","modified_gmt":"2017-12-11T21:05:48","slug":"leverage-portfolio-management-drive-digital-transformation","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/leverage-portfolio-management-drive-digital-transformation\/","title":{"rendered":"How Can Your Organization Leverage Portfolio Management to Drive Digital Transformation?"},"content":{"rendered":"<p>Are you thinking about digital transformation? Well, according to the world, <a href=\"https:\/\/blog.planview.com\/prepare-set-sail-choppy-waters-digital-transformation\/\">if you aren\u2019t you should be<\/a>. Digital innovation is the theme from annual reports to company websites. While digital transformation may be a buzz phrase, every industry is going through it even if they don\u2019t appear so on the surface. Executives want to assure shareholders they have invested in a company that is at the forefront of the digital age and will not lose customers to competitors because they didn\u2019t stay connected.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.planview.com\/leverage-portfolio-management-drive-digital-transformation\/#The_Challenges_of_Digital_Transformation\" >The Challenges of Digital Transformation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.planview.com\/leverage-portfolio-management-drive-digital-transformation\/#Reinventing_Portfolio_Management_to_Facilitate_Digital_Transformation\" >Reinventing Portfolio Management to Facilitate Digital Transformation<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Challenges_of_Digital_Transformation\"><\/span>The Challenges of Digital Transformation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Digital transformation is an extremely complex endeavor, requiring IT to integrate with every part of the business. The larger and older your industry, the more complex it is to execute this strategy. Not only must you contend with the amount of legacy technology in today\u2019s IT foundations, but also the movement of business to go out and look for fast solutions that leverage current technologies.<\/p>\n<p>Banking and financial services industries are the most obvious and prime examples of having to confront the challenges of today\u2019s changing digital technology. Staying competitive requires increasing transactions, which necessitates a constant focus on the customer experience to ensure those continued interactions. However, what happens when you put modern technology in your customers\u2019 hands, but it can\u2019t connect with your back office?<\/p>\n<p>Or, what happens if you are the first in your industry to deliver digital innovations, but they don\u2019t work? Hotels are spending a massive amount of money to move from traditional check-in processes to digital ones, where guests can use their mobile phone to check in, access their room, check out and pay. Imagine the day when you walk into a hotel and your phone vibrates with a room number and you head straight there? It\u2019s not that far off, but it will take longer if hotels don\u2019t get the early rollout of such innovation right. A great experience can turn bad, fast, when technology fails.<\/p>\n<p>Digital transformation initiatives don\u2019t just impact the technology and the integrations but also the people and processes across the organization who handle the company\u2019s day-to-day operations. The change management for such an initiative is huge and can\u2019t be taken for granted.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Reinventing_Portfolio_Management_to_Facilitate_Digital_Transformation\"><\/span>Reinventing Portfolio Management to Facilitate Digital Transformation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>So, what does this mean for portfolio management? It\u2019s time to reinvent portfolio management to ensure your organization can successfully deliver such initiatives. By leveraging portfolio management, IT and the business can come together to create and execute a digital strategy.<\/p>\n<p>However, I\u2019m not just talking project and portfolio management; I\u2019m talking about portfolios: Portfolios that represent a strategic objective and the roadmap of where the organization wants to go, how they will get there, and what they will have once they are there. This is unlike traditional portfolio management, which often includes just a group of projects and their alignment to a strategy. A strategic roadmap should be comprised of all the <a title=\"How Do You Turn Strategic Goals into an Executable Plan?\" href=\"https:\/\/blog.planview.com\/turn-strategic-goals-into-executable-plan\/\">outcomes<\/a> that need to be created, enhanced and connected across the organization, including the applications, technologies, services, solutions, products and other outcomes needed to achieve your strategic deliverable.<\/p>\n<p>This roadmap would then incorporate all the twists and turns of execution including milestones, releases, schedules, roadmaps and the most current data to drive decisions that impact the portfolio. You can manage and adapt the portfolio and its roadmaps based upon new information that is looped back in from execution, not just from projects but also the applications, technologies and services being created or impacted by such an initiative. This is especially helpful when you have strategic initiatives that are new or so large that there is a lot of uncertainly about how you are going to execute them. It\u2019s even more powerful when you consider the amount of integrations and connectivity within digital transformation.<\/p>\n<p>You don\u2019t transform your business and effectively change processes, implement new technologies or integrate systems in a silo. It takes strategic coordination, which you can now do with portfolio management. With <a title=\"What\u2019s New in Planview Enterprise 12\" href=https:\/\/www.planview.com\/products-solutions\/products\/planview-enterprise\/ target=\"_blank\" rel=\"noopener\">Planview Enterprise 12<\/a>, strategic roadmaps come alive with not just the programs and project schedules but also the applications, technologies and services that digital transformation initiatives impact. You can coordinate across portfolios to drive strategic execution based upon updated information from key milestones, releases and real-time data.<\/p>\n<p>What guides your path to help drive digital transformation in portfolio management? The answer is 12 \u2013 Planview Enterprise 12.<\/p>\n<p>Check back to learn more about Planview Enterprise\u2019s customer-driven enhancements, such as new timesheets and embedded Microsoft\u00ae Power BI\u00ae analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you thinking about digital transformation? Well, according to the world, if you aren\u2019t you should be. Digital innovation is the theme from annual reports to company websites. While digital transformation may be a buzz phrase, every industry is going through it even if they don\u2019t appear so on the surface. Executives want to assure&#8230;<\/p>\n","protected":false},"author":53,"featured_media":3417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[478],"tags":[456,451],"class_list":["post-3416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-products","tag-digital-transformation","tag-planview-enterprise"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Leverage PPM to Drive Digital Transformation - Blog | Planview<\/title>\n<meta name=\"description\" content=\"Learn how, by leveraging portfolio management, IT and businesses can come together to drive digital transformation and execute a digital strategy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.planview.com\/leverage-portfolio-management-drive-digital-transformation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Can Your Organization Leverage Portfolio Management to Drive Digital Transformation?\" \/>\n<meta property=\"og:description\" content=\"Learn how, by leveraging portfolio management, IT and businesses can come together to drive digital transformation and execute a digital strategy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.planview.com\/leverage-portfolio-management-drive-digital-transformation\/\" \/>\n<meta property=\"og:site_name\" content=\"Planview Blog\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-06T07:00:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-11T21:05:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2016\/07\/leverage-portfolio-management-drive-digital-transformation-blog-750x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Carina Hatfield\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Planview\" \/>\n<meta name=\"twitter:site\" content=\"@Planview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Carina Hatfield\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.planview.com\/leverage-portfolio-management-drive-digital-transformation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.planview.com\/leverage-portfolio-management-drive-digital-transformation\/\"},\"author\":{\"name\":\"Carina Hatfield\",\"@id\":\"https:\/\/blog.planview.com\/#\/schema\/person\/6e0377b10e52b34a49ee40a12bbc3683\"},\"headline\":\"How Can Your Organization Leverage Portfolio Management to Drive Digital Transformation?\",\"datePublished\":\"2016-07-06T07:00:27+00:00\",\"dateModified\":\"2017-12-11T21:05:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.planview.com\/leverage-portfolio-management-drive-digital-transformation\/\"},\"wordCount\":768,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/blog.planview.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/blog.planview.com\/leverage-portfolio-management-drive-digital-transformation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.planview.com\/wp-content\/uploads\/2016\/07\/leverage-portfolio-management-drive-digital-transformation-blog-750x400.jpg\",\"keywords\":[\"Digital Transformation\",\"Planview Enterprise\"],\"articleSection\":[\"Products &amp; 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