Why Organizational Adaptability?

Organizational adaptability is a business’ ability to spring into action in the face of opportunity. This may be evading catastrophe or expanding new markets. In this historical moment in time, organizational adaptability is top of mind for everyone. Bringing agility into portfolio management, governance, budgeting and finance – which we collectively call Agile Portfolio Management – is a critical enabler of organizational adaptability and business agility.

In our five-part Agile Portfolio Management video series, we cover the following:

  1. An introduction to Agile Portfolio Management
  2. The supply side
  3. The demand side
  4. Matching limited supply to unlimited demand
  5. Budgeting and funding

 

Supply

The first stop in our video journey is understanding the business’ supply of value – how much value it can produce. One key covered in this video is what we call “return on teams”: standing up long-lived, multidisciplinary teams which are funded as an indivisible unit that yields predictable value. This prevents the loss of knowledge capital and trust inherent in today’s project-minded operations.

Demand

When it comes to demand, there’s no end to what consumers and the business can dream up for the product delivery teams to develop. It’s important for business leaders to think in terms of smaller bets delivered to the market fast. This means breaking down big initiatives into smaller deliverables that can be prioritized and released incrementally.

Matching & Governance

Again, agile portfolio management is essentially matching unlimited demand to limited supply to maximize strategic goals. This means roughly right planning and request optimization, along with new governance to support it all. These activities can generate much political friction because it means making difficult start-stop-pivot decisions with available data and in time with market opportunities.

Budgeting & Funding

In a nutshell, business agility isn’t possible with traditional slow, annual budgeting and funding cycles. Traditional budgets serve three purposes: optimistic targets, realistic forecasts, and resource allocation – and currently it is serving all of them poorly. Decoupling these sets the business up to fund initiatives more dynamically, with teams as the smallest unit of value production.

Agile Portfolio Management Webinar and Q&A

Organizational adaptability is a business’ ability to spring into action in the face of opportunity. This may be evading catastrophe or expanding new markets. In this historical moment in time, organizational adaptability is top of mind for everyone.

Bringing agility into portfolio management, governance, budgeting and finance – which we collectively call Agile Portfolio Management – is a critical enabler of organizational adaptability and business agility.

In this panel discussion, our presenters Evan Campbell and Kat Conner will review high-level points of Agile Portfolio Management as well as the simple steps businesses can take toward greater business agility. Then, our moderator John Rudd will facilitate a live Q&A discussion with people who work in the portfolio, budgeting and finance space.

In this video, we get the gang back together to tackle these questions and provide more insight that can get businesses started down the right track, including:

  1. Where do I start with agile portfolio management and how do I help my organization engage in the changes needed?
  2. What kind of governance structures do you recommend for an organization transitioning from traditional to agile portfolio management?
  3. What does it mean for an organization bringing agile portfolio management to “cease funding” initiatives already in flight?
  4. What are examples of agile funding models and the implications to how we fund today?
  5. Getting rid of traditional budgeting seems like a big thing. How do you get finance interested and where does an organization start with the process?

Listen to “Introduction to Agile Portfolio Management” podcast

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Contact us to learn how you can increase organizational adaptability with agile portfolio management.

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