Organizations are playing ‘whack a mole’ with projects and initiatives. No sooner do they scrap one project, but another appears. Thus, while consolidation has been widespread, its impact has been limited.
Priorities are like scouts badges' said the business unit head. ‘They are a badge of honor and ambitious leaders collect as many of them as possible' she added.
For some it will save millions, but for others it will cost millions. It is one of the biggest trends at this time – the consolidation of projects and initiatives. As a leader, the level of sophistication you apply to the task will make all the difference.
In 2022, ‘Disciplined Prioritization’ emerged as an essential part of the senior leader's strategy toolkit. In 2022, it was key to managing scarce resources consolidation & efficiency drives & adapting to changing business & market needs.
It has been a year of adjustment, consolidation and cutbacks for BIG tech. But, in dealing with market uncertainty and slowdown, can we learn anything from Big Tech's troubles? Well, as it turns out quite a bit!
Our data points to 11 areas where leaders are finding savings within their portfolios of projects or initiatives. Shown in the video and listed below, these areas will guide you in your quest for economies and efficiencies within your portfolio.
In this time of budget cuts and resource constraints, how do you know if your project is at risk? Here you will find a list of factors that could affect your project’s access to resources. It will enable you to get out in front of the process and minimize the potential impact.
Will your portfolio of projects and initiatives confidently deliver on the organization’s strategic ambition? That is the million-dollar question.
Whether you are consolidating, adjusting, prioritizing, or simply cost-cutting take care. Any brash decisions you make at this time could come back to haunt you.