SPM Digital Solution QVISTORP Digital Solution

Low Quality Inputs - GIGO (Garbage In – Garbage Out)

Challenge

• Analytical tools like Scenario analysis or Monte-Carlo Simulations are not available or so difficult to create that no one can use them, even when considering a single Business Case (not to mention Project Portfolio).

Solution

• Scenarios, Sensitivity Analysis and Monte-Carlo simulations allow to understand the uncertainty behind economic models. In QVISTORP any stakeholder can get those analyzes in minutes.

Transparency & Accesilibity

Challenge

• File-based environment makes it hard to establish a transparent and accesible SPM process. Teams often work in silo and it is difficult to know “who / when / what” when looking into critical project assessment data. This often creates non-healthy dependency on individuals (”Excel gurus”) who ”own” the data.

Solution

• Transparency is one of the main drivers behind QVISTORP SPM. Both inputs and outputs are standardized and clear to any stakeholder. Data and analytical tools are accessible to enabled users from any device. All the answers are always “two-clicks-away” and reliable!

Tools, Methods and Process Standardization

Challenge

• Many organizations don’t have a clear and understandable project decision criteria. Therefore, they focus on “time and budget” instead of trying to conclude “why should we do it” or “should we continue”? Measuring strategic impact, project risk and benefits over the life-cycle are ”grey areas”.

Solution

• QVISTORP SPM comes with best-practice methodology and KPIs – out of the box (IRVDS). That Includes Qualitative and quantitative tools as well as business process which is embeded in the tool. Each stakeholder is guided through a transaprent step-by-step process and milestones.

Portfolio Data Consolidation

Challenge

• Project decisions should be made on a Portfolio level with full-context regarding: project economics, strategic alignment and projects dependencies. To make it even harder, this view needs to be dynamic. Putting up-to-date data from dozens of projects into one consistent and dynamic and interactive Portfolio is extremely tough activity.

Solution

• Create your portfolio in minutes. The big-picture and all the details are now available in real-time with powerful analytical tools like automatic portfolio optimization, cross-sectional analysis and strategic fit map.

"File Based Process" and Manual Workload

Challenge

• Tons of ”Excels”, “PowerPoints” and “Word” documents. Countless hours spent on carving tables, formulas and putting it all together. Difficult to manage data, keeping consistency and up-to-date results. Organizations spend most of their time doing redundant work (preparing files) instead of analyzing and drawing conclusions.

Solution

• QVISTORP replace Office tools with one-integrated solution. No more spreadsheets and power-points! Much of the work is automatized and the workflows are fast and easy-to-use. The Users may focus on value adding tasks to support their decision-making process in the most efficient way.

Decision Criteria & Complexity

Challenge

• Portfolio decision criteria and analytics are - by definition - complex and multilayered. Understanding the KPI structure and the math behind is dificult and time consuming. So is input data processing and interpretation. For that reason, organizations often resign from using best practise tools and methods.

Solution

• QVISTORP SPM automatize advanced calculations and data processing and provide clear and elegant result dashboards with reliable decision support indications. It enables interactive and visual drill-downs to allow the stakeholders to focus on what is really important.

Collaboration & Co-Creation

Challenge

• Creating and planning new strategic initiatives requires multiple sources of data and information. Assumptions regarding future development is an additional challenge. Organizations often struggle with aproriate communication and knowledge transfer, which creates internal silos and leads to poor-quality outputs.

Solution

• Data and Information accessibility was one of the first design princple for QVISTORP SPM. Sharing and discussing the assumptions, assigning data requests or crowdsourcing strategic initiative assessments is a natural environement to support Co-Creation.

Intrapreneurship & accountability

Challenge

• Strategic Portfolio success depends on innovation and growth projects. Managers and decision makers need to act like entrepreneurs (intrapreneurs). Therefore understanding risk and rewards and being able to reliably justify your decisions and stay accountable is critital.

Solution

• We understand the importance of intrapreneurship and accountabily in successful ventures and therefore it is one of the "leitmotives" of QVISTORP SPM. By empowering Initiative Owners and giving them robust analytical tools, clear decision criteria and data transparency the tool helps to promote internal entrepreneurs and strong accountability from idea to an asset stage.