Apply Agile Principles to Your Portfolio
Whereas traditional portfolio management – the process of choosing which projects and programs to invest in amid limited resources – is typically associated with an annual budgeting process and is not very adaptable to changing business priorities, Agile Portfolio Management takes the Agile principles that have improved project execution and applies them to the top-down assessment of portfolio investments. Concepts like iterative development, continuous improvement, prioritising a dynamic backlog etc. when applied to portfolio management can deliver a host of compelling benefits.
Watch VideoAN INNOVATIVE APPROACH TO PORTFOLIO MANAGEMENT
Manage Products Instead of Projects
In simplest terms, a project is accomplished by completing a set of tasks within a specified period of time. A product, on the other hand, is delivered as customers receive specific, quantifiable and ongoing business value from the initiative.
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Agile and Waterfall Can Live in Harmony
Most organisations feature pockets of project activity with no standard work methodology. KeyedIn closes that visibility gap by allowing customers to bring all projects, regardless of methodology, into a single portfolio, allowing timely and effective decision-making.
Empowered for Continuous Improvement
The faster, iterative planning cycles of Agile Portfolio Management allow you to identify process inefficiencies more quickly to remove bottlenecks and become more responsive to stakeholder feedback.
Accurately Plan Resource Capacity
Without effective capacity planning, "organisations tend to overestimate the amount of capacity" they have, which extends the timeline of projects (Gartner). KeyedIn provides a simple, comprehensive view of resource capacity vs. demand.
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Deliver Strategic Projects Faster
The flexible, adaptive timelines and dynamic prioritisation made possible by Agile Portfolio Management allow the most valuable projects or products to be delivered more quickly than ever before.
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Track Business Value Instead of Just End Dates
In the past, delivering a project on time was a measure of success unto itself. Today, strategic projects/products must be couched in the value they deliver to the business. KeyedIn goes beyond tracking end dates to measure value realisation.
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Respond More Quickly to Changing Requirements
Annual, or even quarterly, planning processes cannot easily account for the swift changes in strategy most companies encounter today. Agile Portfolio Management allows a backlog of key initiatives to be reprioritised as needed.
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Deliver New Levels of Stakeholder Satisfaction
The PMO’s internal business partners are more than just colleagues, they’re customers; and the faster planning cycles of Agile Portfolio Management allow you to more effectively address their changing needs to deliver ongoing value.
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Master the Ambiguity of Modern Business
Particularly with digital transformation initiatives, PMOs are being asked to move ahead despite very ambiguous goals and requirements. Agile Portfolio Management gives you the flexibility to innovate even when the path is unclear.
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