Portfolio management addresses how an organization identifies, prioritizes, organizes, and manages various products and services.
Agile portfolio management is also about enabling a company to respond more quickly to rapidly changing market conditions, rather than waiting for the end of the planning cycle.
What has changed?
In the transition from classic to Agile portfolio management, linear development methods are replaced by iterative processes, top-down control of work and resources takes a back seat in favor of self-organizing and autonomous teams focused on value creation.
What is the core issue:
Agile portfolio management is not the Wild West of management theory. It requires strategic thinking, close alignment of strategy and investments, and just enough governance to ensure transparency, visibility, and appealing results.
Classically, the project management office for portfolio control has a highly structured process for centralizing, consolidating and analyzing relevant data. Projects are given the green light, resources are allocated, and assigned teams deliver according to a set schedule.
Agile portfolio management uses the same database to prioritize tasks based on their business value. Agile teams form around particularly useful products and deliver incremental value.
Agile PPM leads to similar goals as traditional, but takes a more iterative and incremental approach.
What is the benefit for you:
Agile project portfolio planning and control makes it possible to identify resource conflicts and dependencies before implementation has begun, adjust planning, and thus prevent unexpected delays. You will learn how to bring together the autonomy of agile teams with higher-level planning. You know the challenges of agile portfolio management You can apply the concept of agile portfolio management to your own business practice. You learn and practice
the challenges for the introduction and successful implementation of agile portfolio management from practice
The high speed at which markets are changing, as well as the increasing uncertainty and reduced predictability of developments, will permanently change all industries. It is therefore increasingly important for a company to function like an organism. This is the only way to generate the necessary agility and adaptability to an ever faster moving world. With agile methods it is finally possible to create the balancing act between the strategy of the company and the daily actions. We provide you with practical tools and trainings that enable you to do this successfully.
We help you to master this balancing act with interlocking methods and tools. With simple means, we show your managers and employees how to move from strategy to implementation. We train them and accompany you in the process of successful implementation. So that everything from strategy to action is a unified whole.
It is about taking the many thoughts in the company and forming them into a common goal. Tools and methods for the individual building blocks such as vision, mission, strategic EPIC stories or OKRs serve to bring thinking and acting in one direction from top to bottom.
Agility is never a simple top-down approach. Rather, it is based on the attitude that colleagues can and should get involved. Through the discussions in each stage, the goals are accepted as one's own. The bridge between strategy and action is closed. Everyone can feel for themselves that the effort is worthwhile. If we accept tasks as our own with motivation, they are much more pleasant, better and faster than those imposed on us.
Regular meetings, so-called retrospectives, are used to discuss progress, incorporate what has been learned and make necessary adjustments. Retrospectives are not traditional meetings, but an exchange between all participants with the help of agile tools. Change is allowed and desired. This closes the circle and the agile system can adapt itself.
All these actions are accompanied by tools and methods that are kept as simple as possible. Agility relies above all on communication and the cooperation of the acting people.
Stöger & Partner is happy to support you with agile methods and tools and accompanies the people in the company to strengthen their agile mindset, to sharpen communication in cooperation and to jointly realize the process "From Method to Mindset".