Strategies, Benefit and Alignment HT2019

Hi ! In this post I want to talk about how new companies, like startups, are changing the way portfolios and portfolio management is done. What is portfolio management ? The portfolio of a company is a collection of the products, services and achievements. The goal of a company portfolio is to create a presence of the business on the market, attract more customers and to show how the business differs from its direct competitors on the market. Portfolio management ensures that an organization can leverage its project selection and execution success. It refers to the centralized management of one or more project portfolios to achieve strategic objectives. Our research has shown that portfolio management is a way to bridge the gap between strategy and implementation. How are startups changing it ? Start-ups are versatile and flexible. Those in charge of start-ups are constantly forced to decide what takes highest priority. It may include decisions like prioritizing profit or...

Hi everyone, This past week the topic of how to nurture talent has been a big topic in the company I work. Therefore, I went online to search how this can be done and I want to share it on the blog. I hope you like it. What is nurturing talent ? This idea of talent nurturing falls into the topic of talent management. Talent management is the science of using strategic human resource planning to enhance business results and to make organizations accomplish on their goals. Important steps Start by identifying your top talent. Reward, motivate and engage. So the team members have a journey that helps them to develop the new skills. Support balanced development. As skills need to be divided into several team members. Help top performers be part of the team. This can also motivate other team members to get the best from themselves. I hope this post had helped you to have a better understanding on how companies are using new techniques to nurture talent. I think this is a...

Hi ! Today I want to focus on the hard vs soft skills. Nowadays, there is an important discussion between sof and hard skills. Hard skills are specific abilities, or capabilities, that an individual can possess and demonstrate in a measured way. Possessing a hard skill connotes mastery and an expertise within the individual to perform a specific task or series of tasks to complete a job. Hard skills are demonstrable and quantifiable; individuals who possess hard skills can be tested to prove their capacity in each hard skill they possess. Examples of hard skills are: Proficiency in a foreign language A degree or certificate Computer programming source: https://www.thebalancecareers.com/hard-skills-vs-soft-skills-2063780 Soft skills, on the other hand, are characteristics or capabilities that are nearly impossible to quantify or measure in an objective way. Thus, judging one's soft skills is a subjective exercise. Soft skills are often called interpersonal sk...

Hi everyone, today I want to touch the topic of capability management. I found the topic when researching for capacity management (I suppose due to the similarity of the two words), and I think it is an interesting topic to reflect into the blog. Nowadays, companies have a portfolio of capabilities. Within that portfolio, capabilities have a life-cycle with, requirements, acquisition, in-service and obsolescence/disposal phases. This makes the capabilities of a company, something that needs to be planned and maintained. It is really important, because it will determine what a company can achieve now, and what it will be able to achieve. In capability management, the goal is to balance the economic cost and the operational requirements, taking the current capabilities into account and also which future capabilities need to be develop. Therefore, an effective capability management, will help organizations how to integrate all different components to achieve their strategic goals...

Hi ! Today I want to write about capacity management. Introduction Capacity management is the act of ensuring a company maximises its production output. Capacity planning defines the process by which an organisation can establish current and future processing needs. Implementing capacity management may also entail working overtime, outsourcing business operations, purchasing additional equipment, and leasing or selling commercial property. The important thing about capacity planning is that infrastructure is flexible to meet changing demands, this is easily demonstrated in the case of cloud computing, in which the computation capacity of a platform adapts to the computation demand. Capacity Management Best Practices Since we know capacity management includes a robust network of rotating processes, any digital entity looking to go it alone should be comfortable with some basic best practices. These are as follows: Continuous Planning The main idea with continuous planning i...

Hi ! Today I want to talk about product based planning. Product Based Planning is a four step process that helps us define a product we are trying to build and what to do. The are four steps in product based planning: An Overall Product Description This is simply a clear description of the major product we are trying to build in this project or program. This could be, for example, a database, a car, or a submarine, for example. If you already have a project team in place then you should already have an understanding of what the project is trying to deliver. A Product Breakdown Structure A Product Breakdown Structure is simply a hierarchical and complete decomposition of the overall product we are trying to create. You can follow the link to learn how to create one, but a simple example of one is shown below. The advantages of breaking down the overall product into lower and lower levels include that it makes it easier to estimate the project, it makes it easier to apply ...