CEOs, globally, are focusing on improving ROI by increasing the probability of success of strategic initiatives. And adopting program management standards has become integral to the execution of these strategic initiatives.
As enterprises leverage the Digital Five Forces to identify new channels of revenue, they can also transform program management into a connected program ecosystem of interactive processes, through cross-functional, cross-organizational collaboration.
This paper demonstrates why it is imperative to reimagine program management. Considering a few program management areas, it highlights the benefits of adopting digital technologies, techniques and practices such as gamification, optimization, simulation, prescriptive analytics, and social collaboration. These can deliver business value beyond attainment of on-time, on-budget program objectives.