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.
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.
