In business, in particular, issues such as resilience, efficiency, cost savings, and independence from other influencing factors have assumed particular importance. In response to this, companies must now identify intelligent solutions and initiate successful transformations in various business areas in order to adapt to new situations as well as remain relevant and competitive in the future.
Many companies have already changed their orientation and formulated sustainable plans in the scope of business transformation. At its core, this always involves a fundamental and holistic change of systems, processes, people, and technologies within a company or a business unit.
Transformations typically encompass many individual projects, each of which focuses on a single process, system, technology, team, or department. The first step, therefore, is to develop a comprehensive strategy. This in turn requires an overarching project portfolio management to control the individual projects.