eConsulting Partners Global, Inc transforms problems into innovative solutions. We provide a unique solution-focused approach to program/project management and customization to achieve desired results for organizations of all sizes (small, medium, and enterprise)
Today’s economy is increasingly competitive. Market volatility, ceaseless pressure on margins, and demanding stakeholders increase the difficulties of thriving in an increasingly interconnected, interdependent, and unpredictable global economy. Many organizations have yet to adapt to this new state of the economic landscape. Doing nothing is no longer an option — they need to adjust and take action now.
As a consequence, many organizations are now transforming their businesses to strengthen their organization to save costs, create more client-centricity, restore stakeholder confidence, and/or embed new business models. For many organizations, long-term success depends on the success of these transformation programs. To make it more challenging, the margin for error continues to be small, and the environment in which transformation needs to happen continues to increase in complexity.
Parallel Organization & Management
Organizations — already disoriented by today’s market turmoil — need to execute numerous increasingly complex transformation programs and technologies in parallel, while at the same time keeping the business functioning. In many multinational organizations, hundreds of such programs and technologies are running across different functions and geographies. This complexity causes organizations to struggle with both selecting the right technology and execution & delivery. This means that many organizations continue to receive a poor return from their investment in technologies, and programs are failing to unlock the full value of their capital investments.
Selecting the Right Technology
Organizations continue to struggle with selecting the right programs and technologies in which to invest. Selecting inappropriate technologies or programs that do not support the corporate strategy will fail to add the expected value to the organization and may limit sufficient capital to do the right things. This is within the scope of portfolio management, as it is concerned with the translation of the strategy into tangible programs and technologies. Effective portfolio management provides the organization with a mechanism to make sure it is doing the right things.
Execution & Delivery
Most organizations encounter issues in program and technology delivery. Although they may have selected the right technology or program in which to invest, ineffective execution of these initiatives causes an inability to realize timely expected benefits and will most likely incur additional costs and schedule delays. As a result, programs and technologies are underperforming and require additional resources just when organizations want to spend their hard-earned capital elsewhere. This concern is within the scope of a program risk management function, as it is focused on effective delivery of initiatives to improve execution performance and achieve expected outcomes.
Innovation is how companies stay ahead of their competition; this means that successfully executing innovative technologies will drive competitive advantage. However, just successful execution is insufficient — first, organizations must identify and choose the right technologies in which to invest.