By Stephen S Bonham
Exhibits pros the way to combine functionality, approach, portfolio, undertaking, and chance administration so their businesses can reply extra quickly and successfully in a hugely aggressive atmosphere. This quantity explains how procedure portfolio administration builds a company knowledgebase that controls procedures.
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Extra resources for Actionable Strategies Through Integrated Performance, Process, Project, and Risk Management
8 Risk Management Process Management Project portfolio management integration types. 1. Projects to improve processes: Kaizen, Lean, Critical Chain, and Six Sigma are all methods used by companies to identify and then improve processes. Process improvement can involve initiation of a project to automate part or all of the process, to replace a process, or to eliminate a process. For example, the entire suite of human resources processes can be outsourced, and the finance department’s spreadsheets can be replaced by an enterprise resource planning (ERP) system.
As a result, managers work hard to minimize this pain by finding ways to minimize this work. Transferring spreadsheets to small databases is one way to automate the report generation, but at the risk of losing the easily accessible formulas of a spreadsheet. Ultimately, managers are forced into purchasing a full-scale strategic management system once they reach some bottlenecks in their spreadsheets and rudimentary database systems. The vendors of such PePPR management systems create database and multiuser versions of the spreadsheets typically used by managers to track performance and risk.
Automation provides the controls, while integration links them and summarizes them like the many gears and dials of a mechanical watch. At one home improvement company, the vice president of marketing wanted his call center agents to read a script that up-sold roofs in Florida after a hurricane swept through. With secure access to the company’s customer relationship management (CRM) system, he was able to make the change on the fly and thus improve sales according to weather patterns. In short, such automated process systems help integrate performance management into the process portfolio of the company.