On optimizing the selection of business transformation projects

To compete and thrive in a changing business environment, a business can adapt by initiating and successfully carrying out business transformation projects. In this paper we propose a methodology for the optimal selection of such transformational projects. We propose a two-stage methodology based on...

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Bibliographic Details
Published in:IBM systems journal 2007-10, Vol.46 (4), p.777-795
Main Authors: Abe, N, Akkiraju, R, Buckley, S, Ettl, M, Huang, P, Subramanian, D, Tipu, F
Format: Article
Language:English
Subjects:
Annual reports
Balanced Scorecard
Case studies
Collaboration
Correlation analysis
Electronics industry
Financial performance
Information technology
Inventory
Network management systems
Optimization techniques
Product development
R&D
Raw materials
Research & development
Research & development expenditures
Return on assets
Selection
Studies
Supply chains
Turnover
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Summary:To compete and thrive in a changing business environment, a business can adapt by initiating and successfully carrying out business transformation projects. In this paper we propose a methodology for the optimal selection of such transformational projects. We propose a two-stage methodology based on (1) correlation analytics for identifying key drivers of business performance and (2) advanced portfolio-optimization techniques for selecting optimal business-transformation portfolios in the face of resource constraints, budget constraints, and a rich variety of business rules. We illustrate our methodology through a case study from the electronics industry. [PUBLICATION ABSTRACT]
ISSN:0018-8670
DOI:10.1147/sj.464.0777