Strategic, Business & IT Portfolio Management
Today’s business organizations are increasingly using software development and IT to capture and apply knowledge that is unique to their business in order to drive innovation and make better use of limited resources. This reliance on IT to support new business initiatives is more and more critical for companies.
Strategic, Business & IT Portfolio Management Challenges
However, there are lots of challenges that companies need to address:
– Lack of understanding among business managers about how IT can help achieve corporate goals; many regard IT as a necessary evil.
– In some organizations that recognize the importance of investing in IT to achieve corporate goals, IT projects often do not deliver enough value because they fail to align themselves with business objectives.
– Some IT organizations launch more projects than they can handle effectively; and they neglect to set project priorities based on business objectives.
– IT decision makers in many organizations do not know how to analyze needs and focus resources on projects that would lead to better efficiency and cost savings.
By using Triskell platform, organizations can align their IT projects and resources with corporate business objectives. Triskell is a service that allows organizations to align their IT and application development projects, resources, and initiatives to corporate business objectives by developing and monitoring measures that treat IT assets as financial assets — and to run as a project-oriented business. With Triskell, you can manage on a same instance heterogeneous portfolios of demands, business projects or IT projects and link these related objects for a full and comprehensive management of your activity. Triskell enables integrated management of pipeline, scope, time, resource, skills, cost, procurement, communication, reporting and forecasting, and risk management functions. BUSINESS DRIVERS for companies to adopt Triskell service :
+ Limited IT budgets and resources: Most organizations need to improve the way they use their existing resources in order to maximize productivity. This applies to both people and tools.
+ Need for better IT governance: Many IT organizations lack a consistent, accountable body for decision making. Triskell provides a decision-making framework that helps ensure IT decisions are aligned with the overall business strategy; IT participates in setting business goals and directions, establishing standards, and prioritizing investments.
+ Need to improve project success rate: Executive support and clear business objectives are among the top ten success factors for application development projects. Triskell includes approaches for achieving both of these requirements.
KEY BENEFITS OF TRISKELL Introducing Triskell into your organization requires an investment of time and effort yields proven benefits:
+ Closer alignment of IT with business: With an easily digestible, holistic view of their entire project portfolio, executives and managers can more readily understand where IT costs are being spent and which projects continue to be worthwhile.
+ Better IT governance: Triskell helps managers monitor project progress in real time and provides detailed data to help satisfy compliance specifications.
+ Cost reductions and productivity increases: Triskell helps managers identify redundancies and allocate resources appropriately; it enables them to make better IT staffing and outsourcing decisions, and to spot opportunities for asset reuse.
+ Business-based decision making: By viewing projects as they would view components of an investment portfolio, managers can make decisions based not only on projected costs, but also on anticipated risks and returns in relation to other projects/initiatives. This leads to improvements in customer service and greater client loyalty.
+ More predictable project outcomes: Triskell bridges the gap between business managers and the practitioners who deliver the projects; it ensures consistent processes across projects and helps managers assess project status in real-time, predict project outcomes, and identify inter-project dependencies.
Strategic, Business & IT Portfolio Management
Triskell Gantt chart allows users to schedule any object (i.e. projects, maintenances) in full web mode. The Gantt chart is 100% embedded in Triskell (no interface required). It includes natively:
+ Hierarchical management of tasks.
+ Multi-unit for duration and effort (hours, days, weeks, months).
+ All types of dependencies between tasks (FS, SS, FF, SF) with Lag.
+ Multi-baseline management.
+ Critical path.
+ Multiple modes for resource assignments (fixed duration, effort driven, dynamic assignment).
+ Imposed dates.
+ Progress management with auto-progress feature.
+ Rollup of actuals from timesheets.
+ Auto rollup of task assignments to pools and attributes.
+ Highly graphical and easy to use.
Triskell embeds also a full web scrum board to allow the agile management of any object: deliverables, risks, issues, tickets, customer requests, ideas… Triskell scrum board includes:
+ Direct assignments of objects to resources.
+ Objects can be moved from one resource to another in one click.
+ Objects can be moved over time or made longer/shorter graphically.
+ They can be progressed through their lifecycle graphically.
+ Advanced filtering to help users focus on real issues and speed up management process.
+ Full definition of the object with its attributes, roles and features.
Triskell allows creating several portfolio structures to manage for instance products, projects, maintenances, applications, investments and more.
+ Portfolios can be hierarchical (i.e. program / projects / work package).
+ They can include several types of objects. For instance, an IT portfolio may include projects, maintenances, support activities, risks, deliverables, tasks, issues.
+ Each portfolio can have its own breakdown structure, with custom roles and objects attached.
+ Portfolios can be attached to organizations. For example, the IT department can manage the IT portfolio, the R&D the product portfolio.
Dynamic Datamart for Reporting
Triskell includes natively a dynamic datamart that can be used for reporting and interfaces:
+ Automatic refresh as soon as data is updated – no manual process nor delay.
+ Any data managed in Triskell is accessible through the datamart.
+ Data stores can be built in Triskell on the datamart to extract data – no extra- development needed.
+ Data stores can include parameters to make them even more customizable.
+ Custom reports can be built on these data stores. Output can be processed in Triskell or in MS Excel (with templates for layout and extra-calculation or graphs).
Time-Phased Attributes for Budgeting & Resourcing
Time-phased attributes allow users to edit / view periodic data in tabular mode. They can be used to manage costs, headcounts, benefits and any other kind of time-phased data. You can create as many time-phased attributes as you need and they can be attached to any objects (i.e. projects, products, departments, customers, risks, deliverables). They include natively:
+ Public and private versions (i.e. budget, forecast, actuals): versions are secured by role and lifecycle. No limit in number of versions. Versions can be edited simultaneously in the same grid.
+ Up to 5 analysis axes for data entry (i.e. cost types, regions, resource types, budgetary buckets) with automatic aggregations.
+ Multi-currency for budgeting: edit data in Euros, Dollars and any other currency in the same grid.
+ Multi-unit for resourcing : edit data in hours, man-days, man-month and any other unit in the same grid.
+ Multi-timeframe : enter and view data by month, quarter, year or globally.
+ Automatic rating of amounts based on custom rate tables.
+ Embedded rollups from child related objects, from pools and timesheets.