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Archive for the ‘product-based’ tag

What good is strategy if you can’t deliver on it?

Written by Ben Chamberlain on February 26th, 2021 at 1:39 pm

Click here to read the previous post in this series, or start from the beginning

Life used to be simple.  Leaders got together once a year and set priorities for the business, and those became goals and objectives.  Departments developed project proposals, with the “best” of those proposals (or the ones with the best sales pitch) approved as the initiatives that would help to achieve the stated goals and objectives.  Except that really wasn’t so simple, was it?

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How to Overcome IT Investment Roadblocks

Written by Mike Gruia on June 22nd, 2014 at 6:00 am

Many of today’s processes and methods for managing technology investments were not designed for networked organizations operating at high speeds. Financial management best practices  were not created for programs, portfolios and assets.

In a recent webinar, we polled attendees and asked them about which factors are most important in overcoming IT investment management roadblocks. The top top answers, Siloed Investment Thinking and Lacking Enterprise Roadmaps, together accounted for more than half of the total number of responses. This tells me that there is still a significant amount of siloed thinking when it comes to planning and implementation.

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The CIO as Chief Investment Officer

Written by Mike Gruia on May 14th, 2014 at 10:17 am

I was reading a blog from a while back on the HBR Blog Network called “The Four Personas of the Next-Generation CIO.”   It was amazing to stop and think about how much has changed since the blog was written a few years ago.  While the issues for the CIO remain basically the same as in the blog, what the CIO role looks like today and where it’s headed appear to me to be very different.

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The Difference Between Project and Product-Based PPM

Written by Ben Chamberlain on April 21st, 2014 at 6:00 am

A move is on to shift from project to product-based thinking which allows a business to focus on aligning investments with business drivers and adjust to quick shifts in the marketplace.  A buzz really started when Gartner addressed the topic in a Matthew Hotle and Bill Swanton report which came out in November 2013.

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Adopting a Dual Investment System

Written by Ben Chamberlain on March 31st, 2014 at 2:31 pm

When it comes to aligning investments with company strategy, organizations need to take a hard look at their existing system for managing investments.  The current business operating system includes products and services, and capabilities such as processes and assets.  What’s needed is an additional investment system capable of addressing both rapid change and challenges created by competition.  The second investment system, comprised of an investment portfolio, will continually assess the business, industry and the organization and will react with greater agility, speed and creativity than the existing PPM process.

There are three main principles of this dual investment system:

  1. Two systems, one organization
    The business operating and enterprise investment systems must be inseparable with a constant flow of information and collaboration.
  2. Greater financial management
    Financial management must go beyond project management and accountability to a completion plan.
  3. Many moving parts, not just the project and its tasks
    To move more quickly and link the business operating and investment systems, you must have more people than ever before collaborating and involved in the strategic game change.

To learn more about the differences between a project and product-focus and the benefits of adopting a product-based approach, read UMT360 CEO Mike Gruia’s complimentary whitepaper Should You Shift from a Project to Product-Based Investment Approach now available here.