Structure in Threes: Risk Management

Early wakeup this morning.  Researching advanced risk management practices for Modern IT Portfolio management workshop.  Interesting to review previous company practices in the area and how disconnected these are from strategic and project planning.  While the simple models make calculations easier, they also lull staff and executives into thinking they’re covered what’s necessary.  Tomorrow I’ll add risk management justification points to why Portfolio Management section of the workshop and continue to integrated the risk components into the Portfolio methodology.

Structure in Threes: Modern IT Portfolio Management

This morning I’ll tackle the rest of my wiring closet, then local phone company to come by to determine why primary line is continually business which is what kicked off relocating and revising wiring closet.  In the meantime, I’m back to researching using Candlestick Charting as a means for the Modern IT Portfolio Management concepts I’ve been developing the past years.  I’ve been keeping tabs on the options theory materials I’ve deployed at former employers and clients.  The results infer the approach works well; the clients that I monitor have been reporting increased business capabilities at a faster rate than prior and improved business results in the line of businesses that were supported.

I wouldn’t go as far as saying this is conclusive evidence that the portfolio approach I deployed was causal for improved business results –some of the contribution loop training I received long ago– but I do see a correlation and would conclude effective IT Portfolio Management contributes to improved business results.  The South African engagement I supported remotely for a client would have been a good test case; however, we didn’t have the time nor client have the funding to do a baseline for analyzing the effects creating BI and Collaboration capabilities in the enterprise.  I did specify how they could automatically track results and use predictive analytics backwards to create a baseline for analysis later.  I’d be interested in tacking a trip there one day to see the results and add the marketing analytics they wanted to do in phase two.  In the meantime its off to brainstorming about what indicators to use for IT Ecosystem Candlestick charting.

Structure in Threes –Modern IT Portfolio Management: Research

Spent today on a variety of tasks; home and career.  Finished pressure washing back porch, put final coat on souvenir cup rack I built on Sunday, and started brainstorming how I could apply Candlestick Charting to managing Business and IT Portfolios.  I reason that if you can follow trends in the market, a similar set of dynamics may be at work in the business and IT ecosystems.  So far the portfolio research I’ve been doing relating IT functions and its components to business capabilities is proving out.  Last week I when through my project achieve to review the properties and attributes at play in the various reengineering projects I’ve done.  I’ve noticed a few patterns surfacing and now I’ll be working on analyzing these for correlation, then cause/effect.   The results should enhance the Modern IT Portfolio Management methodology I’m writing about.

Tomorrow I’ll go back to reviewing book outline and detailing it to the next level.  Been away from the project long enough to have fresh eyes looking at it.