Monday, August 19, 2013
Enterprise Transformation Methodology (ETM) Strategic Roadmap
enterprise performance management, process improvement, systems integration and data management, but attack the problem with targeted, well-coordinated initiatives focused on delivering value rapidly.
Think Big: Develop a Roadmap that supports your long-term business objectives and ties in existing, related quick hits. This Roadmap is the compass that steers your systems integration and data management initiatives as you incrementally build the vision over time.
Start Small: Define and prioritize initiatives and carve out meaningful Phases to deliver the highest value in the shortest amount of time. This builds ongoing support and momentum in the organization. A Proof-of-Concept can be effectively structured around one of the earlier phases to gain confidence and internal support.
Deliver Quickly in a Phased Approach: Develop and execute the Roadmap with 45-90 day projects, typically grouped into phases of no longer than 12 months. This methodology allows you to incrementally build toward the vision, while providing interim benefits to the business along the way.
Transformation are relative to where each organization starting point. Transformations follow a basic three stage process. Initial objectives are foundational. They include a standard definition of terms, a global Chart of Accounts and transparency of data and financial results. These are key building blocks upon which further transformation is made possible. The second stage is referred to as the Process Improvement stage. Here, companies need to focus on simplifying and standardizing policies and processes. They use GAP analysis to identify and adopt process improvement leading practices. They implement alternative delivery models such as Shared Services or BTO. The final stage is value creation in a leadership position. In this stage, companies deploy effective financial reporting with key performance metrics. Systems are in place to effectively measure product costing and pricing / margin management. Companies in this phase can perform predictive “What if” scenario analysis. They manage real time event and activity monitoring on operational performance. They maintain predictability and insight on risks and controls.
For the full analysis, please click here!