Program Analytics is the application of a standard methodology to the design, implementation, and management of portfolios, programs, and projects. Seahorse Analytics leads complex endeavors to successful conclusion by comprehending the whole of stakeholder perspectives, communicating effectively with management, business and technical personnel, and coordinating diverse resources toward a common goal.
A portfolio is a collection of programs and their constituent projects. Portfolio management is concerned with orchestrating these interrelated programs and projects to maximize overall value to the enterprise. Key questions include the following:
Seahorse Analytics can help your enterprise align its programs with business objectives, architect the mechanisms that facilitate the inception, initiation, planning, execution, and closure of complex initiatives, and put into place the processes and tools that will enable the effective monitoring and management of these activities. Key contributions that we have made in Portfolio Management for our clients include:
A program is an on-going organizational entity intended to consistently achieve certain results by choreographing related projects for the benefit of the enterprise. There is no need to reinvent the wheel with each project when many share common focus. Instead, related endeavors may be grouped to achieve benefits of scale in terms of people, processes and tools. The success of a program may be measured in terms of the benefits it provides. These benefits contribute to the bottom line through increasing profits, for example, by improving market share or reducing speed to market, and through decreasing costs, for example, by shrinking overhead or eliminating redundancy.
Seahorse Analytics can help your enterprise define and manage programs that make sense and leverage the benefits of aggregating similar, related projects under a common oversight. Doing this enables an organization to provide executive management with a combined view of costs, risks and issues to keep projects on track and within budget. Key mechanisms that we have instituted for Program Management include:
As defined by the Project Management Institute (PMI), a project is "a temporary endeavor undertaken to create a unique product, service, or result." This effort is constrained in terms of its scope, schedule, and resources:
(See the PMI article "What Is Project Management?")
Seahorse Analytics can help your enterprise define the scope of a specific project, develop a detailed Work Breakdown Structure (WBS) comprising individually separate and distinct work packages, identify interrelationships between activities, create a viable project schedule that identifies tasks, durations and resources, establish dependent relationships between activities, monitor and control the project to provide regular status and progress reports, and successfully close the project upon its completion. Projects successfully delivered for a "Fortune 500" company include: