Bio Enterprise Portfolio Review Service
When an organisation engages on digital transformation, it typically entails multiple, inter-related projects and initiatives, within a wider portfolio of strategic change, alongside “keeping the lights on” projects.
However, business objectives continuously evolve, and project portfolios can lose alignment with strategic priorities. Furthermore, short term business and external issues can place unforeseen pressures on available budgets and resources, such that project and portfolio objectives can become seriously compromised.
Bio’s Enterprise Portfolio Review Service entails a rapid, efficient assessment of an our Customers’ live and planned portfolio versus current strategic and operational priorities, ensuring that every project, and the associated investments of funds and resource, remain relevant, achievable, and in an appropriate order of sequencing and priority.
We undertake a fast paced but structured analysis of your portfolio governance approach, the assessment criteria by which you approve and prioritise projects, and then analyse the status of the in-flight and scheduled projects (or an agreed subset) within your portfolio.
We provide summary reports of governance approach and maturity, assessment criteria and project status and health. We make objective recommendations as to which initiatives should continue, accelerate, delay, or cancel, with justification, ensuring optimal RoI and mitigating “drift” (or even failure) in benefits realisation.
We also provide initial observations as to the effectiveness of the portfolio governance approach, with recommendations for next steps on how governance could be improved.