“We are lost!” says the angry wife to her flustered husband. “No we’re not, I know where I am going!” he shouts back (he has no idea where he is at).
Sound like a familiar conversation? If you were born before the 90’s it is likely you have experienced this dreaded scenario. The only navigation tool available is the good old paper map. You spent hours planning your journey using a pen to trace out every turn of your trip. But, only a couple hours into the journey you find that traffic is at a standstill, there’s a construction detour, and you find yourself suddenly lost, unable to locate where you are.
The traditional map experience is not unlike the situation organizations face today as they develop strategic plans. Hours, weeks, and months are often spent working through manual processes (Excel spreadsheets, PowerPoint decks, etc.) just to have the environment change causing resource shortages, project failures, and finally the re-planning process starts all over again. Consider this, research from the Portland Business Journal indicates that 65-80% of IT projects fail to meet their objectives. A rather staggering statistic when you consider the amount of resources and time it takes to plan and execute those failed initiatives. Then add in the re-planning time it will take to get your portfolio back on track, and you’re left with wasted time, wasted resources, and likely very angry stakeholders.
There is finally a light at the end of the tunnel. Much like the creation of the modern navigation system, there is a way to move your organization into the future of portfolio planning. Take a moment to consider the difference between the traditional map vs. navigation system. The difficulty doesn’t lie in picking your destination but rather the route you need to get there in the most efficient fashion. Think of the hours spent, and eye strain caused by simply trying to pick the best way to proceed. Modern day navigation systems allow you to enter your destination and in return you are provided with intuitive turn-by-turn directions based on the most efficient was to complete your journey. No more second guessing each turn and what about dreaded construction or traffic backups? The route simply recalculates allowing you to enjoy a smooth ride while losing minimal time.
As mentioned with navigating your road trip, the difficulty of planning your portfolio does not lie in picking your initiatives or destination but prioritizing them in a way that gets you there in the most efficient way possible. LeverSource provides you with the tools to take the complexity out of planning your strategic portfolio. Using an intuitive application, provide your organization with customized turn-by-turn directions that are prioritized based on the most impactful route for your organization. Make sure you always know where you are and why you are there by using an interactive screen that shows why you made the turn you did and what it will effect down the road. Finally, don’t spend months re-planning every time the environment changes. You now have the ability to change your portfolio quickly to keep your plans fresh and relevant.
I remember what a challenge it used to be when using a traditional map to navigate my journey. The hours or days spent planning just to have your entire plan thrown off in an instant. Look toward the future and accelerate your portfolio planning to make sure you get to your destination seamlessly. I can’t imagine going back to a traditional map, can you?
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