The world of business is dealing with digital consumers who want innovation daily. Thanks to digitization that is fast evolving and gripping people across the globe in its progression. The digitally advance consumers are placing new and bigger demands on companies to unfold new horizons and explore more to serve better.
In this article at Projectric, Sabine Zimmer suggests that leading organizations must be adaptive enough to transformation to constantly dominate the market. But digital transformation (DX) is the first and foremost step for them to use in the right way.
Even though business leaders support the fact that transformation is crucial to meet a digital consumer’s need, implementing a DX strategy is even more critical to compete in an economic landscape. Robotic Process Automation (RPA), Artificial Intelligence (AI), Machine learning, Cloud Computing and Internet of Things (IoT) are some driving forces behind the evolution of DX.
These technologies have influenced the digital consumers by altering the quality of products and services. In fact, they have influenced the perspective of the stakeholders and employees too. Some researchers believe that DX has forever transformed the business rules by democratizing information and revamping customer needs.
Need for Action
To maintain their existing position in the market, the big organizations are bound to develop customer-facing applications and nimble platforms to lead in the digital arena. Without a vigorous PPM methodology, these organizations will risk their IT expertise by investing in the wrong projects, lagging behind the competition, and failing to transform their venture. Therefore, it is essential to utilize the best PPM practices to chase the DX goals. The author suggests these three key areas of the PPM process to focus on initially:
- Project Selection: Since DX affects all the departments in an organization like HR, marketing, and sales, the IT department must identify the appropriate initiatives of selecting, approving and funding best PPM practices in these areas. The best way to do so is by challenging the existing project processes.
- Project Management: For flexible DX, the PPM process needs to be well-aligned with the corporate strategy, ensuring successful However, it is mandatory to challenge your present PPM process in the project management as DX demands implementation of new systems, skills, and methodologies.
- Portfolio Result: To analyze the successful execution of DX in projects, programs and portfolios, ensure providing metrics, results, and value alignment across the organization.
The author believes that growing IT project requests made it essential for the PPM process to allow IT teams to select the right projects and ensure successful delivery of it. Click on the following link to read the original article: https://info.projectric.com/blog/ppm-process-ready-for-the-digital-transformation