We’ve seen and heard from many of our large and small customers that the demand for new and innovative products and services continues to grow at an increasingly rapid pace. The everyday use of mobile devices, apps, social media, etc., has produced a consumer that is impatient when it comes to waiting for innovations to be delivered – they expect instant access to satisfy any need or answer any question, and expect a much higher standard of quality and user experience.
What this tells us is that organizations need to focus on delivering the right products, services and innovations. They need to meet and exceed customer expectations, and do so faster than ever before. But with budgets decreasing, and staffing levels remaining flat, or even declining, this means transformation is a primary vehicle to get the capacity organizations need to deliver products, services and innovations competitively.
There are significant challenges in transforming from being an organization that focuses on maintaining the status quo to one that delivers disruptive innovations. It all comes down to making smarter decisions about the different aspects of your portfolio so that you can deliver on innovation at a fast enough rate that keeps you ahead of the competition. Organizations need to think beyond project management and more smartly manage their portfolio of investments, resources, assets and projects. Resources and skills need to be aligned to support the rapid delivery of new products, services and innovations. In addition, organizations need to look beyond traditional methods of delivering services so that they can gain the agility needed to reduce cycle times.
Part of the problem is that complexity is always increasing and already a significant percentage of your budget is likely allocated to maintaining current systems, which makes it difficult to prioritize spending on new initiatives. But how do you determine what to cut so you can shift your priorities? You need data and you need it fast enough to be ahead of changing market conditions. It comes down to examining your portfolio across the board and determining what you’re spending valuable resources on, and making smart decisions about the portfolio to ensure alignment to your corporate strategy. For example, is your corporate goal maintaining the business or changing the business?
PPM solutions such as CA ClarityTM Project and Portfolio Management help organizations optimize their business portfolios to maximize return and to enable business growth. CA Clarity PPM enables organizations to unlock cost savings and redeploy resources to ensure agile, on-time business innovation. It also supports sustained business transformation via enterprise-wide visibility and transparency-allowing fact-based decisions to right-size the investment portfolio.
Read today’s announcement here to find out more about our newest release of CA Clarity PPM 13.1, and how it can help you transform your project and portfolio management efforts. A webcast on what’s new in CA Clarity PPM can be viewed here. Also, to join in the conversation on what new features/functionalities will be included in the next release of CA Clarity PPM check out the CA Clarity Global User Community.
Originally posted on http://blogs.ca.com/ppm/
IT Sparks 