FLAGSHIP | Maximizing the Business Value and ROI from Your Digital Technology Projects
A September 2024 IDC survey documented that:
- 70% of CIOs reported a 90% failure rate in their customer-built GenAI projects
- 60% reported a 90% failure rate with vendor led proof-of-concepts
Part of this failure is attributed to starting projects before there is a clear definition and understanding of the desired business outcome.
A larger part of the failure is the lack of a coherent and repeatable project management framework and toolset. The approach I have found most effective in improving the performance and results for key projects is based on segmenting them into 4 categories:
- Are they sustaining innovations or disruptive innovations?
- Are they enabling systems productivity and cost optimization?
- Are they increasing business unit performance and revenue growth?
- Are they enabling business model transformation?
This process results in the creation of a project development portfolio which can be used to prioritize and align future digital technology investments with mutually agreed upon critical business outcomes. It has also been instrumental in redeploying scarce resources and budget away from lower value run the business projects to higher value change the business projects.
Lastly, instead of using resource capacity and budgeting constraints to make prioritization decisions, the following three questions are used to help make go no go decisions:
- Should we do it? Does it align with and support critical business outcomes?
- Can we do it? Do we have the relevant skills, capabilities and tools to achieve the desired outcome?
- Did we do it? Do we have the right metrics upfront to measure the achieved outcomes vs. the desired outcome?
Along with a detailed description of this project management approach, this discussion will provide several use cases on how it was successfully deployed and the results it achieved.
Agenda
- 5:30 PM - 6:00 PM - Networking/Dinner
- 6:00 PM - 6:15 PM - Welcome
- 6:15 PM - 6:30 PM - Chapter Announcements
- 6:30 PM - 7:30 PM - Speaker Presentation and Q&A
- 7:30 PM - 8:15 PM - Social Impact Wrap-Up
- 8:15 PM - 8:30 PM - Closing Announcements
Meal
Dinner will be served during the event (details to follow).
PDUs
A total of 2 PDUs will be awarded to the attendees, with the following breakdown:
- 1.0 PDU - Power Skills
- 1.0 PDU - Ways of Working
Parking
Free Parking in the parking lot is limited, but side street parking is available.
Questions
For any additional questions, please contact programs@pmi-la.org.
Speakers
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Postponement / Cancellation
Please refer to the Cancellation Policy section of the FAQ page
This event may be canceled or postponed by the Chapter, though all efforts will be made to avoid doing so. If canceled or postponed, notification will be made to all registrants via email.