Business Agility is one of the buzzwords of the moment. In essence, it is a somewhat vague and abused word. Still, whatever the interpretation is given to it, it is clear that to achieve agility across the board, we need a new approach to managing the Portfolio of corporate initiatives and projects.
It is time to get rid of stereotypes and traditional practices in favor of methods suitable for the dynamics and uncertainty of current business conditions, even more so with the #COVID19 crisis.
The search for predefined and nicely presented solutions made Scaling Frameworks* somewhat popular today (unfortunately).
However, Portfolio Management is generally treated in a very partial and limited (often cumbersome) way by these frameworks while the focus is usually on teams.
Working with teams may allow organizations to achieve benefits and improvements locally, but the overall impact on the business is usually minimal. To avoid this problem, the work of the teams must be coordinated and aligned with the corporate strategy. This requires comprehensive management of the cycle from the idea to the release of all the initiatives.
All of this, and much more, is the domain of Portfolio management, and this will be the focus of the workshop with Gaetano Mazzanti.
* Scaling framework = framework that seeks to define how to extend the application of agile principles and practices; both horizontally (e.g. to multiple teams working on multiple projects on one or more platforms), and vertically (through the various levels of the hierarchy or to other business areas such as marketing, HR, etc).
The Modern Portfolio Management Workshop is aimed in particular at:
- Portfolio & Project Managers
- all those involved in Organizational Development and Change Management.
And anyone who is involved in the strategic, organizational and operational aspects of portfolio management. In particular, but not exclusively, if a transformation initiative towards new working methods is in progress, or it is about to start.
In case Coaches and Consultants want to attend the workshop, we suggest they bring with them some representatives from their customers, in order to be able to work on real cases.
The Agile Teams = Business Agility equation is incorrect.
Several elements contribute to making a business agile, but the agility of the teams becomes insignificant in the absence of the others. Among these, portfolio management plays a fundamental role.
Choosing and balancing the initiatives to be launched and their alignment with the strategy traditionally take place rigidly and schematically. This is not compatible with the dynamics, uncertainty and resilience required by the current market and technological conditions. Furthermore, the traditional approach typically generates problems such as over-allocation of people and teams and too many initiatives ongoing in parallel. This causes delays, increased costs and the inability to react quickly to changes in conditions and market demands.
- Typical problems of the traditional approach to Portfolio Management
- Flight Levels: Strategy, Coordination, Operation
- Upstream Portfolio
- Selection vs Prioritization
- Balancing between requests and capacities
- Dependency Management
- What / How to Visualize.
What will you learn
How to manage typical problems on the Demand side (requests):
- conflicting and contradictory requests
- variable requests (in size, frequency, etc.)
- requests that cannot be objectively compared (due to uncertainty, complexity, innovation and experimentation).
How to manage typical problems on the Capability side (skills and competences):
- specialist skill
- shared people / teams.
How to deal with Dependencies.
Why should you attend
This workshop is for you if you want to:
- obtain up-to-date and extensive knowledge of the principles underlying modern portfolio management
- experiment with portfolio management practices to be adapted to the specific context of your company
- have a greater awareness of the need for an end-to-end approach, aligned with the corporate strategy.
Online Workshop – How does it work
The workshop is aimed at a maximum of 14 people and it will be delivered remotely and in live-streaming: the trainer and all participants will be in a video conference and will have a series of digital tools to interact with each other and work hands-on.
Despite the online mode, the workshop maintains its trademark interactive and participatory approach. Very few, if any, slides and no pre-recorded videos.
We will apply some principles of the Training From the Back of the Room method, with a prevalence of activities over lectures.
Numerous exercises and practical activities accompany the few short theoretical sessions.