Global Excellence⏤data-driven quality aligned with business strategy
Global Quality Solutions
Make business run better
Value Optimized Portfolio
⏤strategic project selection for optimized value
Improvement projects can include small incremental improvements, large breakthrough improvements and new opportunities. Existing enterprise reporting data and KPI thresholds are utilized to identify, define and measure proposed improvement projects. Momentum Improvement Portfolio readily enables strategic project selection to identify and approve those improvement projects that optimize value and make best use of limited resources. The financial value and risk rating of a proposed project are captured with Momentum Financial Viability Assessment and Risk Assessment tools to instantly compare the value of a proposed project relative to the current project portfolio—enabling strategic project selection aligned with leadership business strategy—globally 24x7.
Strategic Project Selection⏤aligned with KPIs
Project vs. Portfolio
The financial value and risk rating of a proposed project is ranked relative to the current improvement portfolio. When selecting a project, risk rating should be considered in conjunction with financial value.
-
How does the value of this proposed project compare to other projects in the portfolio?
Strategic Project Portfolio Accelerator⏤visibility and accountability to optimize business value and drive achievement
-
Project Workflow | Intuitive 3-Step Strategic Portfolio Management
-
Intuitive 3-Step Workflow (Data Views): 1-Propose Project, 2-Open & Monitor, 3-Completed
-
Project Form: Streamlined for efficiency and effectiveness
-
Project Description
-
Related Projects
-
Business Case
-
Team
-
Progress
-
Attachments
-
-
-
1-Propose Project | Project Selection based upon Business Case
-
Business Case: Select projects based upon each project's business case value relative to open projects and proposed project pipeline.
-
Optimize financial values (IRR, NPV, PBK) balanced with risk ratings.
-
Align with business KPIs and leadership priorities.
-
Visualize project portfolio resource commitments to improve on-time, on-budget project delivery for all projects in the portfolio—confirm open project load is aligned with available resources.
-
Assure availability of project resources and make best use of limited resources.
-
-
Strategic: Guide strategic project selection aligned with leadership business strategy—globally 24x7.
-
-
2-Open & Monitor | Project Execution | Visibility & Accountability
-
Open: Approved projects that use department resources are moved to "Open" status.
-
Monitor: Projects that other departments are leading but require visibility/collaboration are moved to "Monitor" status.
-
Automate: Notifications for Escalations and Progress (% Complete)
-
-
3-Completed | Highlight Project Achievements
-
Completed projects are highlighted in a data view to document achievements and recognize project team. Completed projects are summarized to measure business impact/success and highlight employee performance achievements.
-
-
What color is your improvement portfolio? (Poor/Moderate/Good)
-
Financial viability assessment reveals how the current improvement portfolio aligns with leadership financial strategy. A "Good" portfolio is aligned with high value. A "Moderate/Poor" portfolio is not aligned—consider discontinuing low value projects and allocating resources to projects that deliver greater value.
-
Resource Workload Optimizer⏤balance daily work vs. project work
-
What We Do
-
Balance daily work vs. project work to address changing business priorities.
-
Visualize the "availability baseline" for each employee by accounting for holidays, sick leave, PTO and family leave.
-
View daily work categories for each department⏤"this is what we do"
-
View employee work % in each daily work category⏤"this is what I do each day"
-
View employee availability for project work (%, hours).
-
Visualize peaks and valleys in demand for daily work and project resources.
-
Improve financial budgeting to account for resource demand and project workloads.
-
Manage overall daily/project workload for each employee⏤"how full is your plate?"
-
Recognition⏤I appreciate you
Achievement of improvement excellence deserves recognition. Even highly successful projects can be easily forgotten if they are not systematically tracked and documented in a readily accessible and visible improvement portfolio. For this reason, portfolio visibility provides employees with an incentive to participate in continuous improvement projects—every project is tracked—annual reviews are made easier by knowing "how did I improve the organization this year?" —as you complete each project, it is fully documented to provide evidence of excellence!