Reactive Is Out, Predictive Is In

Tushar is an experienced product management and marketing professional and the VP of Marketing for Innotas.

  Decision Making   Leadership   Portfolio Management   Strategy   ProjectsAtWork  

It is no longer enough to proactively forecast, budget and staff projects. The rapid pace of change requires next-generation strategies that use predictive analysis. And new predictive technologies are transforming project portfolio management, providing the insight to manage forward, rather than looking through the rearview mirror.

With traditional development and project management models, organizations spend several weeks working on an annual plan — most of which will require changes during execution due to many external factors. Today, organizations need the ability to predict which group of projects will generate the most value when these changes occur. IT and PMO organizations must prepare for the constant re-planning of their project and resource roadmaps by increasing business agility.

As the portfolio management community knows well, adapting and scaling to accommodate these changes is not simple. For most organizations, it is a very manual process that requires significant time, people, and updating countless complicated spreadsheets.

So what’s the solution? Organizations must invest in solutions that help them automate the re-planning process, enabling them to quickly adapt to changes and save time and money. Gone are the days of exceptionally manual and labor intensive calculations that have to account for myriad of variables; automated …

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