Our journey begins with a seasoned management consultant, who is set to build a project portfolio for a complex, cross-functional operation. Armed with Corvus Link, they define the engagement's purpose, scope, and objectives, identify risks, select the portfolio's stakeholders, and establish milestones, all within a single, seamless software solution.
Clarifying the Problem and Creating Focus
As dictated by the ISO 21504 phases, the consultant heads to the 'Clarify Problem Workspace'. They capture opportunity areas, identify related organizational factors, and recognize patterns and sources. With Corvus Link's intuitive interface, they determine whether these opportunities present current or future issues. Moving into the 'Create Focus Workspace', the consultant captures essential data from stakeholder interviews, assessing the impact of opportunity areas on each function. With Corvus Link's structured environment, strengths, weaknesses, KPIs, portfolio objectives, and desired outcomes are recorded, turning them into valuable inputs for future steps.
Exposing Risks and Designing Solutions
Corvus Link's 'Risk Exposure Workspace' becomes the consultant's playground as they leverage risk factors, opportunity areas, and stakeholder input to create comprehensive risk profiles. Threats, vulnerabilities, and ongoing mitigation activities are analyzed, culminating in an invaluable risk score. With risk insights in hand, the consultant ventures into the 'Design Solution Workspace'. Here, they identify solutions to mitigate risks and help achieve the portfolio's objectives. Corvus Link's robust interface facilitates an evaluation of the solution's impact, the changes necessary for delivery, and the readiness for implementation.
Implementing Solutions and Building Resilience
In the 'Implement Solution Workspace', the consultant begins to see their portfolio come to life. Corvus Link seamlessly connects solutions to projects, projects to programs, and programs to portfolios, all while tracking the health and status of projects. Resilience is a key aspect of portfolio management. The 'Build Resilience Workspace' lets the consultant conduct retrospectives or lessons learned events, capturing what's going well and areas for improvement. This valuable feedback loops back into the portfolio via the proposed solutions.
Leveraging AI, Storyboards, and Dashboards
Throughout this process, the consultant has a powerful ally - Corvus Link's Artificial Intelligence. The AI supports the consultant at every stage, analyzing data, and providing recommendations. The inbuilt sanitation feature ensures sensitive data remains secure. The 'Storyboard' feature of Corvus Link lets the consultant provide guidance, store insights, embed videos, and more. It's a central hub, makes building a project portfolio a creative and engaging process. Corvus Link's 'Dashboard' feature captures data from all workspaces, providing a visual overview of the project portfolio journey. Tailored to the consultant's needs, it highlights only the most resonant charts. With Corvus Link's robust import/export capabilities, the consultant imports opportunity areas and exports all content into a handy .csv file.
In this journey, Corvus Link, following the ISO 21504 phases, morphs from a tool to a trusted advisor. The consultant can navigate the complex process of building project portfolios with ease, confidence, and a sense of accomplishment. The victory isn't just in the destination; it's also in the journey.
Comments