red constellation stars

TURNING COMPLEXITY INTO VALUE

 

Business Agility is a key objective for many organizations, regardless of their industry and markets, and we can say the same for Antifragility. To achieve such objectives, the development of an Agile mindset, along with an adequate set of contextualized practices, is surely the best course of action that an organization should consider and experiment with.

It is important to avoid the trap of considering Agile useful only for software development. Despite the common belief, the roots of Agile are in non-software companies, as highlighted in 1986 Harvard paper "The New New Product Development Game” by Hirotaka Takeuchi and Ikujiro Nonaka.

In relation to these premises, AgileConstellation was born, an open-agora to collect the experiences of declination of Agile and Lean in contexts characterized by products and solutions that impact multiple disciplines and specific engineering domains.

The goal is to overcome typical problems of parallel development that are integrated only at the end of development, so called Big Bang Integration. This type of integration generates several critical problems:

  • development efficiency is heavily penalized, as teams do not continually communicate between them, do not share know-how, nor strength or weakness elements.
  • problems emerge only late in the development cycle, where fixing has high costs, especially for hardware components.
  • the resulting solution is, often, a low-quality compromise, driven by time constraints suffering from workarounds where components do not integrate perfectly.

The actula Agile Constellation domains are just a few influenced by Business Agility today. Business Agility impacts more than processes or frameworks, it changes the concept of flexibility and enhances organizational survival abilities.It is crucial to emphasize that there is no single path towards Business Agility: it is a journey and the first step is the most difficult to take.

AdaptivePFM

AdaptivePFM allows you to actively develop the actions necessary to enable Business Agility, i.e. the ability to quickly align with market changes, in a productive and cost-effective way.

Its workflow is based on 6 key phases that ensure strategic alignment, resource allocation and monitoring of the value generated: Identification, Evaluation, Feasibility, Selection, Monitoring and Update.

haikai apfm lotus

AdaptivePFM allows management to understand how initiatives support the company's medium and long-term objectives, considering the risks, the alignment of the strategy and, as mentioned, the potential return on investment (ROI). 

The primary advantages that derive directly from an appropriate strategy attached to a modern Portfolio are:

  • Strategic alignment: Ensure that all initiatives, regardless of how they are developed, align with the organization's strategic objectives. This alignment values initiatives that contribute most to the company's long-term goals. 
  • Value-based prioritization: adopt a value-oriented approach to prioritizing initiatives. Using criteria such as Customer Value, Effort Required, Cost of Delay, we try to focus resources on initiatives that produce the most value and contribute most to business objectives.
  • Resource optimization: Optimize the allocation of resources, including budgets, staff, and capabilities, to maximize the overall performance of the Portfolio. Through practices such as workload balancing, identifying and managing resource constraints, and optimizing the value stream, the modern Portfolio helps avoid over-allocation and underutilization of resources.
  • Reduced time-to-market: Reduce the time it takes to bring new products and solutions to market. Adopting Lean and Agile practices enables the rapid and iterative release of value to customers, allowing them to remain competitive in a rapidly changing environment.
  • Increased transparency and accountability: Promotes greater transparency and accountability within the organization, through the setting of clear goals, measurable performance metrics, and regular reporting mechanisms. This allows you to monitor the progress of your portfolio, identify any challenges or obstacles, and make informed decisions to optimize operations and improve results.
  • Risk mitigation: A modern portfolio allows organizations to comprehensively assess project risks. Early identification of potential barriers allows for better risk management and proactive decision-making.
  • Clarity of accountability: Foster a culture of accountability by setting clear goals and metrics. Working according to established expectations can motivate team members to perform better than expected and encourage transparency between the different functional areas involved.
Regardless of its industry, a company can always try to be more flexible and better than it was yesterday
..:: Adaptability is essential to survival in a changing environment ::..
Free Joomla templates by Ltheme