The ever increasing speed in the digital era challenges the traditional modus operandi of IT organizations. Digital products and services must be developed in quick and iterative steps to match the speed of industries and ecosystems. This change in how we deliver value points out implications towards organizational structures, how we coordinate work, degrees of freedom, technological structures, such as the right degree of coupling and focused automation, and, last but not least, financial management structures.
In their 2020 article “Disrupting Traditional Approaches to Create a Resilient Innovation Funding Model” the analysts from Gartner focus on the tension between new ways of working and traditional financial management approaches.
Governance has always been a delicate balancing act between control and agility. Typically, organizations start with a traditional governance style, which means a one-size-fits-all approach. As organizations build their digital businesses, governance must evolve beyond many of the controlled methods. This requires cultural changes in both IT and the business.
Coming from a traditional governance style, portfolios now must account for the increasingly integrative nature of the digital business. Therefore, they account for the changing nature of demands(1), requirements, cadences, and budgeting.
Read more about adaptive portfolio management in Gartner’s article below. Contact us if you are interested in seeing adaptive portfolio management in action in Bee360.
*Gartner, Use Adaptive Governance Styles for Portfolio Management, 20 May 2020, Sarah Davies, Joanne Kopcho. This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Clausmark GmbH. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.