Understanding, Quantifying and Prioritizing Rapidly Changing Demand
The Lean PPM™ cycle is naturally dynamic. There is always a constant influx of new project ideas (Collect), decisions on the future project portfolio (Decide) and project executions (Execute). In addition, projects should be aligned with your strategy (Strategize). And all this happens simultaneously. No matter the company industry or structure, each business experiences this cycle, usually without being aware of it. In addition, new market conditions, project delays and customer requirements may force companies to change their current project portfolio plans and adapt.
In this current state of rapid digital change, adapting is crucial! This step needs to be not only streamlined but structured. Lean PPM™ can help with that. By creating project evaluation criteria initially, companies can consistently evaluate and prioritize projects against the business strategy.
This can ensure that the right projects are executed at the right time and therefore meet the changing demand. We won't dig into the details here, but you can read more about the different Lean PPM™ areas Strategize, Collect, Decide, and Execute on this page.