Businesses today have difficulty keeping up with the pace of change–let alone getting ahead of it. The barriers to overcome growth challenges are huge and include lack of knowledge, antiquated investment frameworks, and unsuitable governance and organizational structures. A project-focused approach and processes are no longer up to the task of winning in this fast-paced world. Today, companies need to continually rethink and align investments with business strategy and market conditions. To truly thrive, organizations must shift away from being project-focused and move toward a product-focused approach to investments.
The existing offering that includes products and services, and capabilities such as processes and assets, forms an organization’s business operating system. This business operating system requires an investment system to address the challenges created by competition and rapid change. The current investment system, based on an industrial age paradigm, assumes that projects will “somehow” be aligned to organizational strategy. We cannot continue to merely hope that projects will be so aligned.
Today, businesses must be more customer focused–customers buy products and services, and organizations have assets and processes in place to enable the business operations. The solution is a second system, an investment system that continually assesses the business, the industry and the organization, and reacts with greater agility, speed, and creativity than the existing PPM process. This system is comprised of an investment portfolio similar to a “product container” housing the projects. The whole pace and structure of this product-based investment system is similar to the product development and release.
A transformation roadmap is used to address business pain-points and realize value. It provides a step by step outline of how to get there by defining the IT infrastructure and platform that serves the desired business strategy and solution. In order to build a transformation roadmap three questions must be answered:
- Where am I? Assessment of the current environment for both Business & IT.
- Where do I want to go? Identify the target architecture.
- How do I get there? Governance, Adoption Roadmap, Models (Business, Architecture, Infrastructure).
- Conduct Business Process Workshops to define SOA transformation road-maps.
- Perform system analysis, goal service modeling and domain decomposition for the as-is and to-be environments.
- Use Component Business Modeling to define business goals.
- Work with internal staff to identify and articulate business requirements.
- Conduct SOA maturity assessments.
- Conduct project planning workshops.