Project Portfolio Management, IT Financial Management Blog

How do Business Processes / Capabilities fit in portfolio planning

When you draft your proposal you try to describe your vision of ‘goodness’ that will be a direct result of your project being approved –

 

  • a better world, a better place to work,
  • happier, more productive employees,
  • increased sales, revenue, or profit
  • decreased defects and errors -

You typically quantify the benefits and then forecast the overall costs of your project, accounting for the development and operational costs.  In many organizations, it boils down to one or two key financial indicators – ROI, NPV, etc which are then used to compare and prioritize the elements in the portfolio. 

 

Fine. 

 

But, where does business processes and / or business capabilities fit in?  If your proposal also includes indicators about which business processes will be impacted by your project, then this added dimension can provide a wealth of information when it comes time to prioritize and approve projects in the portfolio.

 

  • How many proposed projects will impact process ABC this year?   
    Will any of them overlap with each other?
  • Are there opportunities for re-use of assets or bundling of projects to streamline the people impact when the projects go live?
  • Who is responsible for the process changes that will be required?
  • What
  • Where

By simply incorporating the business process information in your proposal data, you will have the opportunity to significantly improve your overall understanding of how your limited investment resources are being allocated across the organization.  You will also be able to identify and alleviate potential resource constraints and conflicts before the projects are launched – by simply understanding the business process implications of the proposals.

 

If you’re interested in HP PPM, you can follow us on the HP PPM Blog  or even follow us @HPPPM on Twitter

HP PPM supports business portfolio and project management

The other day, I was looking for some interesting facts about customers who were using PPM to help them with project and portfolio management and wanted to share this one that I found really interesting.  

 

Did you know that many HP PPM customers are actually using PPM to manage their business projects and processes?  (If you believe everything you read, you might think that we only support “IT” projects).. But, many of you know it’s not that black and white.   Indeed, HP PPM is a project and portfolio management solution that supports the strategic portfolio and project management – in the business (and IT as well).   Want to see some examples?

 

 Check out this excerpt from a TechValidate case study about a Large Enterprise Retail customer :

TVID_B5A-9F2-7D1.png Source:  TechValidate  TVID: B5A-9F2-7D1

http://www.techvalidate.com/product-research/hp-project-and-portfolio/case-studies/B5A-9F2-7D1

 

Or, here’s one other example from TechValidate, this time, from a case study about a Large Enterprise Financial Services Company:

 

TVID_E19-ACE-F23.png

 – Source:  TechValidate TVID: E19-ACE-F23

http://www.techvalidate.com/product-research/hp-project-and-portfolio/case-studies/E19-ACE-F23 

 

Regardless of your specific domain (R&D, Marketing, or even Information Technology), you have to manage competing business priorities, select strategic projects and manage the execution.  Without a common platform and process to track and manage all the moving parts, it’s easy to become overwhelmed and out of alignment.  Good project and portfolio management is not only a challenge in IT.  Every business faces this challenge and needs to focus on steady improvement.

 

Do you have a different perspective?  I think the need for PPM is widespread.

 

If you’re interested in HP PPM, you can follow us on the HP PPM Blog  or even follow us @HPPPM on Twitter

Tags: PPM| TechValidate
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About the Author(s)
  • Brian is a Product Marketing Manager for Application Development Management Solutions with and previously for Project and Application Portfolio Management, with extensive experience in presales and implementation roles.
  • This account is for guest bloggers. The blog post will identify the blogger.
  • The voice of HP PPM. Keep up with us for all things Project and Portfolio Management.
  • I help IT leaders to understand how well IT is performing from a business perspective.
  • Evangelist for IT Financial Management (ITFM), IT Governance and IT Portfolio Management, consulting IT organisations for Close to 15 years on principles of good governance.
  • WW Sr Product Marketing Manager for HP ITPS VP of Apps & HP Load Runner
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