Establish and manage your transformation projects
IT projects are crucial to business transformation and growth. They are also a critical part of maintaining business operations. Demand for projects is high, and the drivers range from simple upgrades and legal necessity to major business transformations. The cash and manpower to deliver on all demands are rarely available, so finding the right project portfolio mix is essential. Further, IT projects tend to be complex, and projects that fail to meet one or more of their goals is very common. Delivering the right portfolio of projects with the required quality of delivery ensures business success and competitive advantage.
The use case Project Portfolio Governance provides a structured approach that connects business strategy to IT execution. Key questions include assessing business strategy impact on IT and identifying project overlaps. Create transformation projects and document the project scope including responsibilities, the work breakdown in work packages and tasks, the architecture that the project impacts, and project dependencies.
- A program is a collection of related projects that together form a package of work to achieve a common objective. The program provides structure and governance to ensure that the individual project align with business goals. Programs focus on coordination, resource management, and the interdependencies between projects.
- A project is an activity that is focused on achieving a specified goal in the IT landscape and typically has specific project deliverables.
- The project architecture describes the architecture elements that are impacted by a project. A project derived from a demand inherits the demand's architecture scope. These could be applications, business capabilities, business processes, components, information flows, and organizations.
- The work package describes a manageable deliverable in the Work Breakdown Structure (WBS) of the project. A work package serves as a container for related tasks.
- The task describes an activity that must be completed for the work package it is assigned to.
The license package Strategic Portfolio Management is required and the use case Project Portfolio Governance must be enabled. This use case includes the classes Program, Project, Work Package, and Task.