This month, we hosted an exclusive daylong roundtable for our customers in London. This meeting was designed to bring together project managers and senior executives to discuss their changing roles, challenges and how they were using Daptiv solutions to enable them to achieve optimized efficiency within their organisations to compete, grow and facilitate change inside their businesses.
The roundtable focused on the topic, ” Evolution & Innovation”. Issues raised at the meeting included implementing corporate strategy with limited resources, optimizing strategy delivery, using Portfolio Management to achieve the correct balance of projects, and why Project Portfolio Management matters. Attendees discussed a range of topics including change, transformation, strategy, prioritization and share some useful hints & tips to use Daptiv solutions more efficiently. Additionally, our guest speaker Richard Trett, IT Portfolio Manager and Process subject expert shed light into utilising process and process methodologies through an interactive presentation with our gathered audience.
Various studies conducted by firms such as Forrester Research, Gartner and Software Engineering Institute (SEI) state that 60 to 80% of project failures can be attributed to poorly defined requirements. Organizations have long acknowledged that requirements management best practices are critical to project success. However, many have been slow to change due to misconceptions or ingrained beliefs about the role of requirements in the project management life cycle. This roundtable introduced the requirements for management process and provided a practical implementation approach to ensure successful project delivery. In the current economic environment, there is tremendous pressure to drive down operating costs, increase profits and to become more effective in driving the strategy needs of organizations, while managing constant global change and increases in regulatory and compliance requirements. Having used Daptiv solutions, all our attendee were of the opinion that without PPM processes and a common approach to the management of projects, there will be multiple views on the right methodology, only leading to money, time and resource leakages.
Because portfolio management is a holistic system that requires involvement by project managers, project teams, executives, managers, supervisors and front-line employees, this session highlighted the importance of tools in implementing PPM and attendees demonstrated how to best utilize PPM processes to meet executive demand. It was interesting to witness the different ways in which our customers are implementing Daptiv.
Some of the key takeaways from the roundtable were:
- Speed to innovation is accelerating
- Executive sponsorship of PPM programs heightens success
- Process methodology narrows the gap between ideation and innovation
- Daptiv allows our customers to make good decisions
- Allowing our customer to do the right projects right