Just as it seems that the world can’t accelerate any further, it does.  Technology continues to redefine what is possible with emerging capabilities resulting in shifting customer expectations and a redefinition of the level of performance that organizations must achieve.  As a result, no matter how good an organization’s plans are, they are going to have to change.  And then they’re going to have to change again. That’s what makes business agility such an important capability for today’s businesses.

 

Why Business Agility is Essential

If an organization is unable to pivot quickly and with minimal disruption to shifting environments and evolving priorities, they will struggle to survive, let alone thrive.  Which is why the latest report from the Business Agility Institute is concerning.

That suggests that overall business agility has slipped slightly over the past year, with notable erosions of capability around collaboration and strategic capabilities.  Those are two areas where business agility is essential.  Organizations must be able to define strategic priorities, goals, and objectives; approve appropriate investments to achieve those priorities; and effectively execute the work associated with those investments.  When things change, they must then recognize the impact on priorities and work, adjusting as required quickly and decisively.

 

Business Agility Through Collaboration

Collaboration is even more essential to success.  Change is driven by people, so by extension, people have a big impact on an organization’s ability to achieve business agility.  Once decisions are made to shift investment dollars, adjust approved work, or otherwise evolve the strategic portfolio, people have to implement those changes.

Engaged, motivated teams will be able to adjust their projects, shift to new priorities and incorporate shifting constraints relatively easily.  This will minimize both the wasted effort on things that are no longer priorities, and the time needed to shift to the new working model.  However, when collaboration isn’t effective, and when teams and individuals aren’t engaged, there will be excessive delays, wasted work and an overall erosion of the ability to deliver an optimal investment return. 

 

Why are some organizations struggling with capabilities like strategy and collaboration?

  It’s not a lack of focus.  All businesses recognize the need to create and maintain alignment between their priorities and the work being carried out, and all businesses recognize the importance of strong collaboration.  Many times, the problem comes down to a lack of visibility, and hence a lack of awareness.

Without effective project portfolio management (PPM) software such as Sciforma’s solution, organizations have a tough time maintaining clear visibility into the work that is being carried out across the enterprise.  Additionally, teams are uncertain as to how their work contributes to the success of the business.

Put simply, business agility just cannot be optimized without an effective PPM solution to support the visibility and adaptiveness needed.  When such a solution is in place, organizations can plan, re-plan, and communicate effectively and efficiently.  Teams can collaborate to implement the right changes in the right way, in the minimum amount of time.  Business agility improves.  Organizational return on investment improves.

Take your organization to the next level of business agility, <contact us> to start exploring how Sciforma’s PPM solution can help you.

 

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