Strategy planning and project portfolio management are at the top of most managers’ and executive minds, following the COVID-19 crisis. Organizations are under pressure and it is more important than ever that all resources are spent on the right projects or products. It is equally important that the whole organization follows the strategy that is set.
Management need tools and processes that can simplify the decision-making to set the strategy and prepare for future incidents:
Cost-benefit Analysis – Optimize your costs
A cost-benefit analysis is a systematic approach to estimate the strengths and weaknesses of alternatives, identifying options that provide the best method for achieving benefits while preserving savings. It can be used to compare completed or potential courses of actions or to estimate (or evaluate) the value against the cost of a decision, project, or policy.
The result will be an overview of costs and benefits in monetary value and ROI, as well as in more soft values like brand protection, competitive edge, or even peace of mind.
Impact Analysis - Identify uncertainties
A Business impact analysis (BIA) describes the essential components that are affected in order to operate HR, IT systems, physical assets, and documents. A BIA is used to identify critical and non-critical systems and to assign consequences and usually a cost to specific disaster scenarios.
Continuity Planning - Define the business model
Business continuity planning is a proactive approach to avoid and mitigate any risks associated with a major disruption of operation due to unexpected events. The plan describes steps to be taken before, during and after an event to limit damages and ensure the continued delivery of products or services at acceptable predefined levels.
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Recovery plan - Design and execute changes
Disaster Recovery refers specifically to the Information Technology (IT) and data-centric functions of the business and is a subset of Business Continuity.
A disaster recovery plan is a documented process or set of procedures that must be executed to recover and protect a business IT infrastructure in the event of a major incident. It describes goals, assigns personnel, and define the procedures required to restore hardware and software systems as well as communication.
Enterprise Resilience Assessment – strengthen your survivability
Enterprise resilience is the ability and capacity to meet disruptions and adapt to new risk environments.
A resilient organization is prepared to adapt to changes, whether it is disruptions within the organization or at a critical supplier. Being resilient also means embracing changes and being able to create advantages over less adaptive competitors.
With QualiWare X, we got you covered all the way as we are taking Enterprise Architecture to the neXt level with integrated smart collaboration, supporting strategic decision-making, and efficient use of operational intelligence, Customer Journey Maps, Business Operating Models, Digital Twins, and the Business Ecosystem.
Having a digital representation of physical objects, attributes, processes, supply chains, and customer journeys can provide you with valuable insights into your business. It can also help discover new business areas, alternative suppliers, and explore other alternative scenarios rapidly - before the need for change becomes desperately obvious.
QualiWare X provides the right people access to the right information at the right time, ensuring efficiency of cross-organizational alignment of strategy and utilization of resources.Request a demo of QualiWare X