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Operationalize strategic plans - from formulation to execution across the organization.
When companies value stability over innovation, some risks increase: they risk slowly losing market share and fading into the background of their industry. So what do we do? The solution lies in the understanding that effective R&D governance cannot, and should not, distill projects into a single number. Here are five ways to assess and communicate risk in your portfolio.
At the inaugural Project to Product (P2P) Summit in 2024, Greschen Powell, a seasoned leader with over 26 years at FedEx, delivered an insightful presentation on how organizations can accelerate value delivery using Objectives and Key Results (OKRs) and Value Stream Management (VSM). Powell’s talk provides a clear roadmap for boosting speed-to-market while staying aligned...
Leaders must balance detailed short-term planning flexibility and strategic alignment to manage portfolios effectively. Most portfolio management platforms emphasize only one of these competencies at the expense of the other. For example, organizations striving for adaptability may stray too far from strategic goals, while organizations emphasizing strategy may be too rigid to react to near-term constraints....
Choosing the best strategic portfolio management (SPM) solution for your enterprise can be tough, but it’s a topic at the forefront of many business leaders’ minds. In research conducted by Economist Impact, commissioned by Planview, 86% of executives believe their organization needs to improve accountability in strategy implementation. However, according to Gartner, “only 13% of...
Learn the differences between the project- and product-based software delivery approaches, benefits of product-based thinking for technology leaders, and best practices and strategies for adopting this approach.
Businesses simply cannot afford to get capital investment and expenditures (CapEx) management wrong – here’s what to look for in a smarter CapEx management solution.Effective capital investment and expenditure (CapEx) management ensures that financial resources are directed towards investments and initiatives that offer the highest potential returns and align with the company's strategic objectives. Conversely, poor capital decisions can lead to wasted resources, missed opportunities, and reduced competitiveness, jeopardizing the company's financial health and future prospects.
A common problem in both portfolio management and sales and operational planning (S&OP) is reconciling product revenue forecasts between a company’s regional sales analysts and its corporate decision-makers. Typically, regional sales analysts focus on short-term objectives, and their forecasts must align with targets or commitments set by regional heads. By contrast, corporate staff tend to...
Most strategies carry with them a failure rate of 60-90%. If leaders want their AI bets to pay off, they need to transform strategy implementation from organizational weakness to core competency. Uncover why engagement matters from strategy to execution, plus four actions leaders can take to improve engagement across their organization.
Whether you’re just entering the AI arena or it’s your umpteenth time returning, you’ll need a framework in place to gather ideas and prioritize the best ones, minimize the risk you’ll face, and continually assess your opportunities. These executive insights from a recent panel discussion on AI in the enterprise provide the basis for an AI use case decision-making framework that can be applied to quickly identify the right use case.
Amidst the relentless waves of innovation and competition, OEMs, suppliers, and manufacturers in the automotive industry navigate a sea of challenges and opportunities. Technical debt, the accrued cost of code awaiting updates, is a significant obstacle. According to McKinsey, this “tax” on development comprises about 40 percent of IT balance sheets, stemming from the intense...
