Relevancy in the business world currently requires that you embrace dynamism and make extra efforts. It is not optional anymore to be thinking of progressive and continuous improvement because the business environment dictates so. Achievements with the current business environment requires that you regularly check on your strategies and try to monitor their progress to be in line.
Arrange your portfolio properly to have it funded in bits as short term goals and long term ones are used to do constant monitoring of the effectiveness of strategy. A long term investment in an organization should always be well managed and to achieve this, there should be constant training to make your employees agile and capable of achieving the organization’s vision. There is need to promote and modernize lean portfolio management to ensure that the strategy is aligned to the decision making capabilities of an organization and the executive board.
There is need to put together all important aspects of the lean portfolio management starting with strategy and investment in terms of funding to ensure that adequate financial resources are channeled towards the cause of making sure that solutions aimed at meeting organizational targets are sought. Secondly, there is need to ensure that effective coordination and decentralization of program execution efforts are achieved to enable the organization bring on board everyone in a collective effort. Definition of roles should be clear to determine who does a specific crucial role like auditing and analysis of expenditure.
Ensure the objectives of the organization are aligned with the lean portfolio framework and the agility framework. You need to have a portfolio that gives room for feedback and see what everyone else thinks about the direction you are taking. You should be able to see from far where you are likely to end up with your strategy using a clear roadmap. The portfolio must define clearly its future and predetermine the vision by envisioning. There should be monitoring and evaluation in every bit to ensure that the whole strategy is taking the organization to the right direction. When this is done, aligning the objectives and vision of the organization with the strategy laid down is easy. This means that it is indispensable to connect the portfolio with the organization’s long term plans.
You need to decentralize your agile portfolio operations to ensure that everyone is brought on board. This brings on board all departments and human resources rejuvenating their efforts and offering them a platform to feel like they own the organization. There is necessity in utilizing the available resources by ensuring that regular consultancy, training and implementation of agile programs to boost organizational productivity.