Your portfolio of projects exists for one reason and one reason only: to deliver strategic business value to your organization.
But how do you know which activities, which programs and which projects add the most value? How should you allocate resources to deliver maximum impact?
The answer is to use TransparentChoice to measure the strategic alignment of all your programs and projects and to use that alignment measure to ensure your team is delivering maximum value.
TransparentChoice can help you improve strategic alignment of your portfolio by:
Building agreement between your stakeholders about what your strategic priorities really are.
Using these priorities to measure the alignment of your projects, initiatives and programs.
Using the alignment score for each project to support more effective project prioritization and selection.
Letting you make quicker, clearer resource allocation decisions that support your strategic goals.
Improving strategic alignment within your portfolio can have a massive impact. For example, PMI data shows that projects that are aligned with strategy are a massive 57% more likely to achieve their business goal than those that aren’t aligned. They are also far more likely to finish on time and within budget (click on the image to learn more).
This has a direct impact on your team’s ability to deliver value to “the business”.
Putting strategic alignment at the heart of your decision-making has the following benefits (Benefits of Strategic Alignment of Projects):
Improve Project success rates
Increase focus on value creation when selecting projects
Build stronger executive sponsorship
Identify and eliminate waste
Ensure you don’t have too many projects (a key cause of project failure)
Secure the PMO by becoming a real “business partner that delivers”
Make clearer, quicker resource allocation decisions that support strategic goals
Increase the focus on benefits realization
Change the focus of project delivery teams from “features” to strategic value
TransparentChoice can help you do a quick audit on your current portfolio. This is a health-check that will help you identify the strategic alignment of your current projects. It also gives recommendations on how you might reallocate some resources to deliver more value.