Many firms enter on a strategic transformation journey but don’t accrue the benefits. The top tier strategic consulting firms leave you with strategy with guiding principles in a “deck” at a substantial investment. However, strategy needs to be internalized to your firm and actionable and executed to be relevant. We work with your partners in a thought leadership role with the aim of making it relevant and actionable or define the thought leadership as a strategic partner. Execution is key to any strategic transformation and we have proven strategy realization.
Enterprise Strategic Project, Program, and Investment Management
Our program and project managers manage multimillion dollar strategic engagements. Most firms incorporate and define their own project lifecycle methodology based on some set of best practices. We can advise you on successful methodology and project, program, and portfolio approaches. We won’t impose ours as others might. What we will do is advise and navigate and succeed in a variety environments and processes.
There is more to project management as a practice than identifying plans, risks, issues, and publishing status reports. Our multidiscipline people bring breadth and depth of expertise to the table to leverage so critical items don’t go missed or fall in between the cracks. This facilitates transparency and visibility and intricate knowledge of the effective design and delivery provides early benefits. You need great people to make informed decisions of the ground. Our staff expertise and experience is so unrivalled, it enables the thought processes of your senior leadership team to be resident during the low level decisions that must be made daily to progress on plan and in line with strategic direction.
There are many frameworks and methodologies available such as Zachman, TOGAF, FEAF, EAP etc and all have their strengths and weaknesses. The value of a framework is not in just having one defined for you, but one that really fits your organizational style, is actionable, and is simple enough to execute on to deliver value. Hackett reports that organizations predominantly establish their own framework. We also believe one size doesn´t fit all. We develop frameworks, governance processes that are suitable for your enterprise and culture. We can define, assess, and/or adjust your enterprise architecture foundation, maturity, tools, and governance processes.
Managing IT as a business is crucial for frictionless business processes and enabling agility. An enterprise generally has a portfolio of businesses it has markets in. One Line of Business (LOB) may provide growth and one may provide stability and the overall portfolio value is what maximizes stakeholder value. The business assets that aren’t contributing to the portfolio value are realigned, outsourced, or pruned.
IT is a business and as a business it invests capital into areas that are should align with the strategic direction. Econetomics can help assess and define the portfolio of projects and programs as well as often overlooked current application portfolio itself. It’s estimated by AMR that well over 70% of IT spend is in investing in Keep the Lights on (KTLO). Much of this investment is in the application portfolio you already own. It is vitally important to assess this portfolio in light of business and technology landscapes and sunset, retire, reengineer underperforming assets. Econetomics can structure and execute on Application Portfolio Management as well as Project Portfolio Management that sustains your business strategy and goals.
You have to know where you are and where you want to go in order to evolve to a future state. An organization needs to extablish over a planning horizon in order to meet the strategic imperatives and goals laid out for your company. Econetomics can develop assessments, blueprint and roadmaps based upon industry and technology landscapes assessments. The foundation, blueprint, and roadmap to implement vision are critical input to portfolio and program processes.
Econetomics business and systems analysts that can reinvent and rollout business processes that have positive impact to business efficiency, agility, and competitiveness throughout your extended value chain. System adaptations can help automate tasks, but eliminating waste and non value-add inefficiency in processes is paramount. Econetomics can also develop enterprise software selection criteria and evaluation, as well as establish pre-implementation readiness processes that have comprehensive process improvement components.
Iterative Project Analysis and Implementation
We have highly trained and capable professionals to meet any of your development needs. We work in a staff augmentation model for development needs, but do so with a strong emphasis on engagement management.
Additionally, if you are looking to outsource development to another organization, we can help establish policies, procedures, and governance to effectively do so.
There is a trend in outsourcing development and/or operations for cost reduction and capacity flexibility. These strategies can make sense if used appropriately. Organizations should not outsource competitive advantage, intellectual capital, and innovation. You need Econetomics as a partner to provide thought leadership, agility, and flexibility and help you retain those skills organic to your organization.
Econetomics bridges the gap between outsourcing commodity skills and your own firm´s need to maintain intellectual capital within its employee base. We function as a value added partner so that you can keep this within your organization at reasonable cost. We provide expertise when and where you need it.
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