Investment in the right projects is key to the success of any company. Our project portfolio management services help you identify the projects that support your strategy and define how they will deliver business value, allowing you to focus on the things that really matter. We build business objectives models, objective chains, and KPI models to define expected business outcomes and ensure the scope is strictly aligned to those desired results.
How we do project portfolio management
Our portfolio prioritization service helps you to execute on your organization’s strategy and maximize the return on your investment in products and projects.
We work closely with your leadership team to align your portfolios with the strategic goals of your company and ensure that you are investing in the right products. Our methodology uses visual modeling techniques to ensure that all project objectives are aligned to clear strategic goals and to link the features delivered by each product to those objectives. This ensures that every project is delivering business value and only the highest value projects are prioritized.
When we work with your leadership team, we are accountable for delivering real business value—ensuring that your IT investment portfolio increases its ROI and provides you with a strategic advantage in the marketplace. Our business architecture, product portfolio management, and project portfolio management services all use our unique visual modeling methods to ensure that we help you better define and communicate your strategic direction. These methods are tightly aligned to the methods used when we work with your project teams to prioritize their features. For example, we create business objectives models at the organization level and then use objective chain models to show how much individual products or projects achieve the business objectives, allowing you to pick the ones that add the most value. Once projects are started, we use the same techniques to prioritize features based on how much they help achieve the project’s business objectives.
Poor portfolio prioritization can end up being costly. For example, one company identified two major projects that needed to take place in their marketing department. Both projects were year-long efforts and were each expected to cost about $1M. One project had an expected $20M return and the other was $4M. At first glance, you might think you can do both and get $24M return for $2M investment. However that reduces the likelihood of success of both, we recommended actually putting the smaller one on hold. Unfortunately the $4M project actually cost them $8M and two years to finish and the $20M tool $9M and more than two years. Had they just taken on one project they could have hit the original deadline, getting the $20M return a year sooner.
A different customer brought us in to work on delivering 3 major features that needed to launch by the holidays to get a $14M return. Their teams couldn’t deliver all three in time. We helped them prioritize their efforts and focus on building the features in priority order based on business value. In the end, the team worked day and night and was barely able to launch the most important feature and left the others untouched. Luckily, since they worked off the prioritization, they were able to get a $12M return rather than the $0 that they were on the path to get. The other features never met the threshold for funding, allowing that customer to focus on other, more important projects.