Demand Management is not a new concept. It has been around for decades. It has been given more importance by organizations in recent years.
An organization may have many departments within its organization that are in need of a demand. Each department may have its own strategy. An organization must have a central demand management system to ensure that the demands are prioritized according to its strategic objectives.
Governance and processes were once a part of the human experience. They were mostly manual or semi-automated. It’s now moving towards full automation, which requires less human intervention and allows the teams to make decisions quickly and better prioritize.
This article will discuss the trends that will make IT demand management processes more data-focused and more valuable.
All your needs can be logged in one place
Any department, any unit, or any role within an organization can generate demand. The demand registration must be accessible from any location, at any time, with the required authentication. The system should be able to handle concurrent users from different locations or geographical areas, and should also be scalable.
Due to the seamless availability of the systems across different geographies, it is likely that on-cloud systems will be able to meet such needs.
Integration with Line of Business
No longer are demands sourced from one system or manually logged in. Demand can come from any business system and should be posted directly to the demand management software where approvals and further processing steps are taken.
Teams may not want to compromise on certain aspects, such as how leads and opportunities are managed with CRM, how team collaboration takes places using Yammer or Jive, Teams, or how source codes repositories are used for centralizing the source code and tracking the work items/issues/bugs.
Prioritization using What-If scenarios
What If Scenario Analysis, or WISA, is a tool that helps you to plan for and handle contingent situations. This is usually done during the scheduling phase of a project.
Any analysis that requires evaluation of some parameters, such as cost, resource, schedule, or other parameters, can use What-if scenarios. These scenarios can be used to help decision-makers understand how changes in variables could impact outcomes such as Project Plan, Delivery dates, etc.
In the current era where business drivers of the organization/departments may vary frequently, the demand portfolio needs to be managed and analyzed accordingly. You can run What-If Analysis scenarios using tools like Power BI or Microsoft Project Online. This allows decision makers to be responsive even when drivers/factors change.
In the past, resource management was often associated with project management. In recent years, resource management has been separated from project management. The priority of portfolio management of demand is determined by the availability and skill sets of the resources. Portfolio managers and other decision-makers can get a better idea of whether they will take on a project. They also know what the risks are associated with a project that has a low score, or is not included in their portfolio.
Methodologies for Blended Project Management
There are many project management methods, including Agile, Critical Chain and Waterfall. The methodology used depends on the project scenario and the type or execution required.
The most widely used methodology across all industries is the Waterfall method. It is also very popular in software development and construction. Agile is a method that aims to deliver product to customers quickly and continuously. Organizations can achieve a higher level of customer satisfaction while also being able to quickly respond to changes.