Module: Program & Project Rationalization
Program & Project Rationalization
When you know where your strategic focus lies – with the “critical few” – it is also immediately clear where your strategic focus does not lie – with the “trivial many.” This focus is the tangible result of a Top Team Alignment process and directly helps to scrutinize the existing project and program portfolio.
During a Program & Project Rationalization process, all current and proposed projects and programs are categorized as follows:
- Going forward: projects and programs appropriate to the strategic focus.
- Temporizing: projects and programs that contribute only marginally to the strategic focus.
- Discontinue: projects and programs that do not contribute to the strategic focus.
Reasons:
- Lack of focus in a growing number of projects and programs.
- No time due to a glut of projects and programs (can’t see the forest for the trees).
- The anticipated value of the strategy is not being realized.
- Higher indirect re-work costs.
- Excessive workload and increasing absenteeism: lack of focus means everyone is way too busy, and not necessarily doing the right things.
Here’s what it delivers:
- A review framework and process to prioritize projects and programs in line with strategic focus.
- A project and program portfolio aligned to strategic focus.
- Action perspective to provide focus, create time, and increase effectiveness.