We started by conducting a project portfolio management maturity assessment and consolidating the project portfolio, we then reviewed the current operating model and competencies to identify the strategic gaps and key focus areas.
We then started with constructing the target digital portfolio management practice that included the steps required to identify, select, qualify, and balance technology investments. We also designed governance processes and wireframes for executive dashboards to enhance collaboration, transparency and oversight.
An essential step was to analyse the strategic objectives, and define programs per strategic objective and restructure the projects within programs that impact related key performance indicators, and then restructured the digital investment portfolio and phase it out across the years in line with their budgetary requirements and constraints.
We also proposed adjustments to the current operating model and introduced key roles that ensure collaborative touch points between central IT and business units, finance, procurement and strategy and defined new responsibilities such as benefits realisation and business-IT relationship management.