Score and Prioritize Webinar

680 views
368 views

Published on

Strategically Plan Your Portfolio with Ease

Published in: Technology, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
680
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
12
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Score and Prioritize Webinar

  1. 1. © Innotas 2014| Confidential
  2. 2. Page 2 © Innotas 2014| Confidential Today’s Speakers Rahim Walker, PPM Evangelist - MBA: UNC Kenan Flagler - Regional Sales Manager - 7 years in Saas & Business Consulting Kristyn Fredericks, PMP, ITIL - Sr. Solutions Consultant - 8+ Years in the Project Management space
  3. 3. Page 3 © Innotas 2014| Confidential What is Scoring & Prioritization? IT investments need more than ROI to justify them. Firms need broader measures, support processes and governance tools. Scoring & Prioritization is “a structured, repeatable process to evaluate IT investments”, using this evaluation to “manage IT initiatives against them”, and keeping them up-to-date.
  4. 4. Page 4 © Innotas 2014| Confidential Why Scoring & Prioritization is Important?  Most organizations are Resource Constrained and cannot/should not take on all the work that is proposed  Key Takeaways: 1. Tradeoffs exist 2. Opportunity Costs must be considered Approved Work Idea # 3 Idea # 2 Idea # 1
  5. 5. Page 5 © Innotas 2014| Confidential Common Use Cases Portfolio Planning process o Key initiatives o Which strategic projects will make it into the portfolio for that year Ad Hoc Project Requests o Thinking critically about how ad hoc project requests impact the organization o Ensure you’re taking on the right work Resource Management o Capacity and Demand o What-If Scenario Planning
  6. 6. Page 6 © Innotas 2014| Confidential Framework for Scoring & Prioritization 1. How to Categorize Potential Projects o Use a criteria scale such as Gartner’s Five Perspectives 2. How to Build a Scoring Model o No range & Unweighted; Range & Unweighted (low maturity) o Weighted scoring (high maturity) 3. How to Prioritize Projects Based on Plotted Scores o Use visual modeling tool such as bubble charts
  7. 7. Page 7 © Innotas 2014| Confidential Prioritizing Based on Plotted Scores
  8. 8. Page 8 © Innotas 2014| Confidential How Scoring & Prioritization relate to Resource and Budget Availability
  9. 9. Examples of Scoring
  10. 10. Page 10 © Innotas 2014| Confidential Simple Scoring & Prioritization Model
  11. 11. Page 11 © Innotas 2014| Confidential Healthcare Scoring Model: Patient Outcomes Nath Original Description Total Score Quality and Effectiveness Member 1 Member 2 1 Decreases practice variation, promotes appropriate utilization of resources 3 2 5 2 Aligns with Tier 2 Project 3 Aligns with Tier 1 Project User Productivity / Satisfacton 1 Reduces number of steps / time required 1 3 4 2 Automates a manual process 3 Mitigates significant adoption / retention risk Patient Safety 1 Reduces likelihood of POTENTIAL near-miss or adverse event scenario 3 3 6 2 Responds to PSN filed - no adverse event 3 Responds to PSN filed - adverse event Financial 1 Favoraby impacts revenue or expenses 1 3 4 2 Favorably impacts revenue or expenses > 50K Budgeted 3 Favorably impacts revenue or expenses > 100K Budgeted 19 Scope / Urgency This Item Used as Multiplier for AVERAGE 1 Affects < 50 transactions a day 2 Affects > 50 transactions a day 3 Aligns with leadership priority initiative Committee Review Example 3 Nath Scoring Matrix
  12. 12. Page 12 © Innotas 2014| Confidential 52% 21% 27% Not Enough Resources Nothing Is Prioritized Too Many Projects Main Challenges Faced By Project Management Professionals Innotas sponsored survey posted to PM.com Virtual Expo Audience 4/24/2014
  13. 13. Page 13 © Innotas 2014| Confidential Benefits of Scoring and Prioritization  More Easily plan your portfolio  Better visibility into high priority projects o Executives can make business decisions more quickly  Strategic Alignment with Key Business Objectives  Understand where resources should be spending time o Ensure resources are working on the right work at the right time, which leads to setting more accurate customer expectations  Single point of entry o One place to store and collect all demand on the organization, helping to establish governance in a streamlined manner.
  14. 14. Page 14 © Innotas 2014| Confidential Contact Innotas  Headquarters : 111 Sutter Street, Suite 300 San Francisco, CA 94104  Phone: +1 866-692-7362  Email: info@innotas.com  Twitter: @innotas  LinkedIn: http://www.linkedin.com/company/innotas

×