TIP 2 Close the gap between strategy and delivery with strategic portfolio management Today’s enterprises are complex and interconnected, making it a struggle to develop and maintain alignment among all the elements of strategy, planning, and delivery. Many organizations can’t help but wonder, “Are we doing the right things to deliver the best outcomes?” This misalignment works against you—especially in challenging times when you need to maximize every resource. It creates waste, erodes trust, and slows the flow of value throughout your organization by: • Delaying delivery • Squandering spend By 2025, 70% of digital • Failing to achieve value with projects investments will fail to deliver • Missing opportunities to innovate the expected business • Increasing vulnerability to disruption outcomes in the absence Deploying strategic portfolio management (SPM) gives you of a strategic portfolio the tools to break down the barriers between technology and management approach.” business. You can prioritize and fund what matters most, build a roadmap to guide investments, communicate plans, and see work in the context of strategic initiatives—even across diverse teams, –Gartner, 2023 methodologies, and approaches such as traditional/waterfall, Agile, and hybrid. When you continuously align work to business outcomes across Source: Gartner, Gartner Magic Quadrant for Strategic Portfolio Management, April 2023 your organization, you can drive and track greater business value—and do it faster. 4 tips every innovative company needs to succeed in digital transformation How to keep pressing forward—even in tough times | 4