{"id":7801,"date":"2019-01-01T09:40:00","date_gmt":"2019-01-01T15:40:00","guid":{"rendered":"https:\/\/blog.planview.com\/?p=7801"},"modified":"2022-04-05T12:56:06","modified_gmt":"2022-04-05T17:56:06","slug":"using-portfolio-driven-performance-to-improve-project-delivery","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/using-portfolio-driven-performance-to-improve-project-delivery\/","title":{"rendered":"Using Portfolio-Driven Performance to Improve Project Delivery"},"content":{"rendered":"

\"Using<\/p>\n

The following content is taken from the whitepaper, \u201cPortfolio-Driven Performance: The 7 Process Areas That Drive IT and Business Results,\u201d written by Jerry Manas<\/a>.<\/em>\u00a0To make it more easily accessible to you, we are giving it everlasting life here on the blog. <\/em><\/p>\n

Today\u2019s organizations face enormous challenges to get more done without spending more. Rising costs in a tough economy have led to tightened budgets and reduced workforces. On top of this, globalization, mergers, and outsourcing have resulted in greater complexity and a more dispersed set of stakeholders. This lack of resources amid growing complexity must also be addressed in an environment of intense competition. As a result, innovation and agility are becoming more vital than ever as organizations fight to compete in today\u2019s marketplace, something attained through portfolio-driven performance to improve project delivery.<\/p>\n

This triple threat of less resources, more complexity, and intense competition would be challenging enough, but then we must add the change factor. We are living in an era of relentless change, and nothing escapes unscathed, not the economy, technology, politics, markets\u2014nothing. All these changes and more impact organizations, and only the most adaptive and innovative will survive.<\/p>\n

None of this is going away any time soon. <\/strong><\/h2>\n

Indeed, doing more with less is the new standard. And as organizations show they can meet expectations with fewer resources, they will be expected to continue to do so. But, under this strain, how does an organization remain innovative and productive? How can it remain adaptive in the face of constant change?<\/p>\n

Most organizations have strategies, or a strategic plan of some sort. All have financials. All have operations, generally consisting of projects, services, applications, products, and the processes that manage all those components. Yet, very few have visibility into how these components impact one another, and instead look at them as isolated parts. When change happens, chaos ensues.<\/p>\n

\"Elevate<\/a><\/p>\n

Organizations that take an integrated approach are in a much better position to adapt.<\/strong><\/h3>\n

Information Technology is a crucial part of facilitating this integration. In this compilation blog series, we will discuss how adopting portfolio management methods across the 6 process areas, IT departments can help businesses keep their strategy, financials, and operations aligned as change happens.<\/p>\n

This approach takes active participation across IT and the businesses, but it can pay dividends. Indeed, managing these vital process areas in an integrated fashion can enable organizations to not only survive, but to thrive in the face of continual change.<\/p>\n

Introduction: The Portfolio-Driven Approach<\/strong><\/h4>\n

A portfolio-driven approach<\/strong> involves creating and managing a set of portfolios (i.e. prioritized groupings) for each major component in an organization\u2019s ecosystem. For example, the following types of portfolios can be created and maintained:<\/p>\n