Innovation Project Portfolio Optimisation
Our innovation and change portfolio optimisation techniques allow organisations to often generate more than 20% of business value with the same budget and resource constraints.
Optimise project portfolios using efficient frontier analysis
Maximise value from innovation and change initiatives
Deliver greater "bang for the buck"
"Value" is defined across several strategic and financial benefits
Project portfolio optimisation offers the opportunity to generate and deliver enhanced business value from change and innovation management project portfolios. By using data and analytical techniques our clients are possible to often achieve 20% more business value for the same portfolio budget and resources constraints, compared to manual processes.
Optimising a project portfolio is to form an optimum portfolio taking into consideration current organisational limitations and constraints including budget and scarce resources. The overall goal of the process is to assist our clients to maximise business value using the cost-value optimisation technique that utilises the efficient frontier analysis. Portfolios on the emerging efficient frontier provide either the same value for much lower cost or much greater value for the same cost, as opposed to portfolios not on the efficient frontier.
As part of the process, we work with our clients to identify, capture and categorise the expected benefits from each change and innovation project - we map anticipated project benefits across several benefit types including strategic and financial benefits and we translate them into their risk-adjusted values and costs.
The risk-adjusted cost-value project selection and optimisation technique provides enhanced benefits to organisations by providing guidance on selecting the most appropriate change and innovation projects that will deliver maximum value within their budget and resource constraints.
If budget and resource constraints are not known from the outset, the cost-value portfolio optimisation technique can provide insights by identifying target portfolios at different cost points, thus enabling organisations to make informed decisions and maximise value out of their innovation and change projects.
Find out more about project portfolio optimisation by reading our article here.
Interested in maximising value from your change and innovation project portfolio?
We are here to help!
Contact us to discuss how our project portfolio optimisation techniques and tools can allow your organisation to gain useful insights and identify the optimum change and innovation portfolio, delivering maximum value for a given budget.
