Mar 23rd 2017 | By Domenic Colasante
The very foundation of IT is constantly evolving, forcing rapid development of infrastructure and services. If an organization does not act quickly to capitalize on new innovations, it will quickly fall behind the curve, lose potential revenue, and waste resources. Having a nimble IT department that can quickly implement new technologies helps keep the company competitive, improves efficiency, and creates a more effective support system for the business.
Mar 17th 2017 | By Rick Letourneau
Contracts are the bedrock of good vendor relationships. They provide the basis for collaboration, dispute resolution, payment and many other critical components of vendor management. This makes developing, managing and reviewing contracts one of the most important roles of the vendor management office. In order to optimize VMO and get more from your vendors, it is important to develop effective strategies for contract administration.
Mar 13th 2017 | By Kerry Marker
When an employee leaves a company, it not just time-consuming and burdensome, but it is also expensive. Consider the costs associated with the departure of a team member. First and foremost, there are time, effort, and resources dedicated to recruiting and backfilling the vacancy.
Mar 2nd 2017 | By Rick Letourneau
The IT sourcing lifecycle is rapidly evolving. Traditionally, sourcing a new service could take over a year after requirements were outlined, an RFP was made, contractors responded, and negotiations took place. Today, this is no longer a viable process. As the pace of technology dramatically quickens, companies must adapt by shortening their sourcing lifecycle, focusing on outcomes-based transactions and streamlining their processes.
Feb 23rd 2017 | By Rick Letourneau
One of the best reasons to integrate third-party cloud services into your overall IT strategy is flexibility. Using vendor infrastructure, platforms, or services allows the IT organization to rapidly meet rising demand and scale back as needed. This can have significant positive effects on cost efficiency and quality of service. However, without effective demand management strategies, the IT organization will be unable to deliver the services business units need to be effective.
Feb 14th 2017 | By Domenic Colasante
Business is all about timing, and in our current high-paced technology world, IT needs to be faster than ever. In order to deliver the best value to business units, IT must fundamentally shift its model, focusing not on optimizing and building new solutions at the pace of years, but at months, weeks, or even less. Companies need greater flexibility and new innovations to ensure the business is fully supported by the latest efficiencies, features, and services available.
Feb 10th 2017 | By Rick Letourneau
The VMO’s role is to ensure that vendors are delivering the best business value. Unfortunately, many either don’t collect and analyze vendor data or do so in an unorganized and ineffective way. This ultimately leads to a situation in which organizations are using providers inefficiently without maximizing their real business value. To build a more effective IT organization and get the most value from vendors, it is critical that the VMO develop more effective analytic strategies.
Feb 3rd 2017 | By Rick Letourneau
Vendor management is increasingly becoming the primary role of IT. As the cost effectiveness, reliability, and flexibility of third party services increase, more applications, infrastructure, and platforms are moving from in-house to the cloud. This is driving a fundamental restructuring of IT with a greater focus on building relationships with providers, and working with them to deliver IT services to support the business.
Jan 24th 2017 | By Admin
Project portfolio analytics are the tools, algorithms, and heuristics necessary to evaluate project-related data for use in PPM decision-making. This data includes elements of resource capacity, ROI, portfolio impact, value, risk, and other elements important to the organization.
Jan 11th 2017 | By Admin
One in six projects is a "black swan," or a project that goes so badly it threatens corporate financial stability. Now more than ever, companies must critically examine their project portfolio management (PPM) processes for optimizing success. Organizations are continually asked to do more with less.