How often do you measure success by how successfully a project was completed? If your answer is “often,” you aren’t alone. Numerous organizations follow this measurement standard, although in today’s work environment, it has become rather outdated—those who stay ahead of the curve have adopted work and resource management. Rather than basing success on project completion, what really matters are the products and services you deliver to the market, requiring you to have a seamless translation of strategy into delivery.
According to Gartner, 20% of the businesses and their IT organizations that have transitioned from project to product portfolio management will become market leaders. They will set the pace of innovation by performing ahead of the competition. To do so, these organizations will require a proper work and resource management (WRM) solution that encompasses the various methods and applications used to get work done. So, what exactly is WRM?
“WRM is a comprehensive category of technology capabilities that address a broader set of work and resource challenges.”
This definition, taken from the eBook, “Work and Resource Management is Now,” refers to challenges such as today’s rapid pace of unstructured work and the higher expectations from consumers. The eBook covers “8 reasons to rethink the way you conduct business” in great detail, featuring videos related to each point, as well as recommendations for software solutions that address each issue.
Success should no longer be measured by projects. Instead, organizations must focus on speed of innovation and product portfolio management. Adopting the proper work and resource management approach will enable them to achieve a unifying direction and vision, incorporating all methods of work and connecting geographically dispersed teams. They will then be capable of forming new capabilities to meet the huge opportunities of today’s world of work.
While today’s opportunities are great, the cost of failure is high. I encourage you to read through the eBook, “Work and Resource Management is Now: 8 reasons to rethink the way you conduct business,” to ensure your business is on the right path and determine possible areas of improvement.