When Gartner starts talking about something, people typically listen. And recently Gartner has been highlighting the importance of moving beyond the traditional project and portfolio management (PPM) approach to embrace the concept of Strategic Portfolio Management (SPM). Broadly speaking, the idea behind SPM is that you manage all execution as if it is connected to your enterprise strategy – because it is.
SPM is about way more than simply managing execution
But SPM isn’t limited to just projects, and certainly not just to projects that use one or two formal approaches. It’s actually about managing everything you do – no matter how it’s executed – and ensuring that it all is being done to contribute to your overall strategic success. The problem, at least until now, is that businesses haven’t been run that way. Unless your top-down planning connects to all your portfolios – projects, programs and epics; assets; capabilities; etc. then you simply aren’t going to optimize your performance.
So let’s talk about what’s really driving transformation
UMT360 provides solutions that help you implement SPM and accelerate the transformation of your business. To support that, we’ve developed a proven VIC framework (visibility, insight, control) to deliver capability improvement roadmaps for your business. This is at the core of everything we do to help clients drive transformation. And we’d like to share it through a series of blogs that address the various elements and drivers of SPM. In each one, we’ll explore the business imperatives that you are dealing with and explain how SPM can support you in delivering on those imperatives.