Liberty Advisor Group collaborated closely with the client’s Enterprise Portfolio Management Office (EPMO), Finance, business, and technology teams to design and implement a modernized, end-to-end planning process and EPM solution. Key components included:

• Central Resource Management: Defined and implemented a central resource management solution. This linked over 6,000 technology resources to the specific agile or shared service areas they supported, improving visibility and management of contractors and overall resource allocation. The system was designed to consistently estimate one-time labor costs, aiding prioritization.
  
• Established Portfolio Data Standards: Developed and instituted common practices and definitions across the enterprise for how work, value, and cost were defined and measured. This standardization was crucial for comparing initiatives and focusing on realizing tangible business benefits. Liberty Advisor Group also led the associated education, adoption, and change management efforts.
  
• Enterprise Portfolio System and Process Automation: Supported the implementation or enhancement of enterprise systems and automation capabilities to underpin the new, standardized portfolio management and planning processes, moving the client away from offline spreadsheets and disparate tools.

The implementation of the new Enterprise Portfolio Management solution yielded significant improvements:

• Improved Resource Management: The client gained a centralized view and improved processes for managing its extensive technology resources, leading to better allocation and utilization.
• More Informed Decisions: Standardized data and consistent processes enabled more reliable comparisons between potential investments, leading to better prioritization decisions aligned with strategic goals and tangible benefits.
• Enhanced Consistency & Efficiency: A unified, enterprise-wide EPM process replaced previous fragmented approaches, streamlining planning activities and improving governance.
• Foundation for Agility: The modernized EPM function provided a stronger foundation to support the ongoing enterprise agile transformation.

Through its partnership with Liberty Advisor Group, the financial services company successfully modernized its enterprise portfolio management capabilities. By establishing central resource management, standardizing portfolio data, and implementing consistent processes supported by appropriate systems, the client achieved greater efficiency in resource deployment, enhanced strategic alignment in investment decisions, and reduced complexity in its planning cycles. This transformation provided essential support for the company’s broader agile objectives and positioned it for more effective execution of its strategic initiatives.