If you've ever experienced the exhilarating pace of a start-up, where every individual is laser-focused on delivering an exceptional product to the market, you understand the power of a united team. Identifying bottlenecks becomes second nature, and everyone pitches in to ensure the delivery of a top-notch product. After all, the survival of a company depends on it.
Now fast forward a few years. The organization has grown significantly, boasting multiple product lines and thousands of employees organized into siloed teams. The challenge arises when a product improvement is needed. A project is funded, a team is assembled, and work begins. Once the project is completed, the team disbands, and the cycle begins anew—often without verifying if the project served the customer's objectives.
This pattern leaves large organizations vulnerable to disruption by nimble start-ups. So how can these organizations reclaim the energy and agility of their entrepreneurial roots?
Many organizations are strategically shifting from traditional project-based models to a dynamic, product-oriented approach. This transformation is pivotal in fostering rapid feedback loops, consistently surpassing revenue goals, and rejuvenating the start-up mindset.
Value Stream Management (VSM) is the cornerstone of this new paradigm. Instead of sporadic projects, a long-lasting, cross-functional team structure emerges, focusing on value streams—continuously funded projects aligned with business and customer objectives. For example, in an insurance company, value streams might cover property, vehicles, liability, and health insurance. Each value stream team comprises members from executive planning, development, and delivery, which fosters collaboration and efficiency.
While more and more companies recognize the merits of this approach, the path to VSM adoption isn’t without its challenges. To facilitate your organization's transition, Launch by NTT DATA is offering an exclusive 90-minute virtual workshop tailored to your needs.
During the workshop, you will learn about:
- Embracing the Project-to-Product (P2P) Approach: Discover how transitioning from project management to product management can enhance value delivery by placing the customer at the heart of your strategy.
- Five Key Steps for a Successful P2P Transition: Learn specific strategies and actionable steps that will guide your organization toward a product-focused approach.
- Leveraging the Power of Value Streams:Uncover how optimizing these streams can significantly increase efficiency and accelerate product delivery.
- Unveiling Lean Budget Approaches: Find out how a lean budgeting approach streamlines resource allocation and financial management.
- Progressing in Your P2P Journey with NTT DATA: Gain insights into how NTT DATA can provide continued support throughout this transformative process.
While many organizations understand the importance of transitioning to a product-centric approach, they often grapple with where to begin. That’s where we come in. Request our Project to Product: A Strategic Shift workshop today! Our team of VSM experts will help you identify the best approach to initiate your path toward a more efficient, customer-centric future.
Request our Project to Product: A Strategic Shift workshop today!