In an earlier post, we looked at roadmaps, something that has been getting a lot of attention in the last couple of years. Most will agree that roadmaps need to have substance behind them and their purpose is to improve your ability to run your business and make key decisions. And perhaps most importantly, they must have the ability to support what-if scenarios.
What if you could actually conduct a what-if scenario?
Whether you’re conducting initial planning, updating those plans through the year, or responding to emerging threats and opportunities, you need to be able to quickly understand the implications of decisions. And you need scenario analysis tools that are the most appropriate to implement. It’s all very well being able to drag items around a roadmap, but what’s the implication of those adjustments? How much money will it cost, or save? What will happen to resource utilization? What’s the impact on payback and total benefits? And what’s the optimal mix that balances all of those elements?
You don’t need the ability to do this ‘just in case’, you need it because, well, things are going to go wrong. No matter how confident you are in your strategy, you will always need a plan B (and C, D, etc.). Your competitors will do exactly what you don’t want them to do and you will have to respond. Technology, customer expectations and heck even a global pandemic will disrupt your business to a greater or lesser degree and your ability to overcome that disruption is directly down to how quickly you can change direction.