Recognise on of the statements? You are not alone.
“We have a strategy on corporate level but it is too high level to use for defining the fit of our initiatives.”
“Although we define clear organizational goals we still don’t have a mechanism to objectively compare our projects”
“The selection of our projects is based on common sense. We don’t use a framework to check the project value of our individual initiatives. It makes it difficult to explain to stakeholders why some projects get a higher priority than others”
Many organisations are still struggling with aligning their initiatives to the overall strategy. Even firms that have started with project portfolio management. The initial focus has been on centralising initiatives and monitoring the status of the running portfolio. Now that markets are changing rapidly and the speed of transformation is crucial for staying competitive, the focus is expanded to strategy alignment: why do we do what we do?
With our experienced strategy consultants bizztracker supports organisations to increase the power to translate strategy into execution.
Get in touch with us to discuss your challenges.
Why is the maturity of project prioritisation quite low? What are the hurdles to get started or to improve the prioritisation process? And what is the way forward?
“Isn’t it just a new buzz word instead of something new?” Is there really a difference between strategic portfolio management and project portfolio management?
Strategic project scoring is vital, as it assists in selecting and prioritizing projects based on strategic objectives, resource optimization, and risk management. This structured process contributes to sustainable success.
