Unlocking true enterprise agility
Our clients across the globe are embarking on digital transformation journeys. At some point all of them feel the need to become nimbler and able to react faster to changing customer needs – Lean Portfolio Management (LPM) is a way to foster this. Within LPM, financial agility is a core pillar and the backbone of an agile enterprise.
Today’s point of view of focuses on 3 levers to drive financial agility:
- Organizational structures from the past often lack the modularity and flexibility to enable new ways of working that are built around the idea of quick iterations and fast-moving feedback cycles.
- Traditionally, organizations fund projects. However, to unlock enterprise agility, funding and budgeting needs to support continuous flow of value.
- Transition into incremental value delivery requires adjustments to value management in order to retain transparency on progress on scope and benefit realization.
Why is this relevant for you?
Lean Portfolio Management (LPM) is a multifaceted approach to embed agile ways of working deeply into your organization – inter alia and particularly business units adjacent to your IT organization. Thus, LPM and primarily financial agility must be a priority for any business and IT leader pursuing enterprise agility.
What pain points are addressed?
While basic agile transformations of IT delivery organizations are regularly done successfully, holistic enterprise agility is seldomly achieved.
Agile business processes, especially financial structures seem to be among the most challenging pieces on the way to unlocking enterprise agility.
The benefit of agile delivery can only come into full effect when combined with agile business processes. When newly introduced, agile ways of working allegedly cause a lack of transparency on business benefits achieved. LPM respectively financial agility is not only an enabler to enterprise agility but serves also as an instrument to create full transparency on value realization.
Managing and realizing value in an agile context is a key component of lean portfolio management. The non-linear value chains in the new, agile context require and update to our understanding of value and how to manage it.
What is the benefit of applying LPM?
Harvesting the value of enterprise agility through financial agility” cards?