Strategic Planning

Operationalize strategic plans - from formulation to execution across the organization.

Rapidly Adapt Your Business Capabilities to Deliver New Strategies

Business capabilities are the set of competencies an organization requires to execute its business goals. It’s critical to know exactly what these competencies are, and the building blocks required to operate and run the business – the purview of enterprise architecture (EA). This knowledge provides the foundation for making effective changes, especially when disruption hits...

Crowdsourcing Ideas with a Virtual Workforce

In a traditional office environment, crowdsourcing ideas can take a variety of forms. While suggestion boxes and whiteboards are the most tangible ways of gathering input, water cooler chats and drive-by desk conversations also present frequent, albeit informal, opportunities for brainstorming or vetting ideas.  But as the world responded to the COVID-19 pandemic with an abrupt shift to remote work, tangible and in-person ways of crowdsourcing employees were no longer an option — and for some organizations,...

Application Portfolio Optimization: Value Up in a Down Economy

Application portfolio optimization has never been more important than today. The practice can lower operating costs as well as foster innovation and growth. Companies that emerge strongest from economic downturns do both. According to the latest Fortune CEO survey, nearly 80% of CEOs have “significantly accelerated” digital transformation during the pandemic. The biggest areas of investment...

Portfolio Management in a Pandemic: A Case Study

The COVID-19 pandemic has brought severe disruption to many industries, including drug development and medical device companies. All businesses face uncertainty about the return to normalcy—and what normal will even look like going forward. For some industries, the new normal might look very different. For others, like pharma and medical devices, the new normal may...

Single Source of Truth, Make Way for a Single Source of Understanding

In my last post, I covered the essential attributes of an effective single source of truth—a consolidated, reliable source of project information. But simply collecting project details into a centralized vault is not enough for effective decision-making. Your single source of truth needs to become a single source of understanding. A single source of understanding moves...

No Time Like the Present: Finally Ready for a Single Source of Truth?

Almost daily, we hear from companies that they want to create “a single source of truth” for portfolio management at their company. Software providers list “single source of truth” as a key feature of their products. And, in the midst of our months-long shelter-in-place, leveraging the collective wisdom of the company to make critical decisions...

Rapid Reprioritization: Delivering on Strategy in the Midst of Change

In our first two posts in this blog series, we provided examples of how organizations are using dynamic planning and rapid reprioritization to pivot quickly in response to disruptive change and new opportunities. We also outlined how EPMOs and finance leaders should work together with the C-suite to make the best decisions possible in both...

Dynamic Planning: Refocus, Reprioritize, and Reallocate Rapidly

Urgency to switch to digital business is just one way organizations are responding to current disruptions, highlighting the need for dynamic planning. After a virtual meeting with 40 CEOs recently, Fortune CEO Alan Murray wrote: “Companies that previously had been slow to adopt to digital transformation now find themselves on a ‘burning platform.’” As executives...

Dynamic Planning and Rapid Reprioritization: Resilience Amid Disruption

Dynamic planning has taken on new depths of meaning recently as we react to unprecedented developments on a daily and even hourly basis. At Planview, we get it: You are being forced to make quick decisions that could have long-lasting consequences for your employees, customers, and shareholders. You must apply the agility and flexibility you’ve...

Crowdsourcing Software: Driving Virtual Workplace Engagement

Researchers today anticipate a dramatic increase in employees working from home starting in the next two years — a trend that will likely accelerate given recent global events. With the shift towards remote work comes the need for organizations to engage their employees in different ways. A variety of tools, such as video conferencing, communications, and crowdsourcing software, exist to address...