Project Demand Management

Project Demand
Management

Strategically align and prioritize Project Requests

Prioritize Project Portfolio Demand

Prioritize Project
Portfolio Demand

Project Demand Management involves gathering, evaluating and prioritizing capital investment requests. Some requests will be routine capital investment for sustenance of business-as-usual activities. Others may be transformational and high-risk. It is important to strategically align these requests and prioritize them based on their benefits and risk. Stratex Online provides a Project Demand Management solution that will help you collect, score and rank your candidate projects.

Achieve Strategic Goals

Align project requests to strategy to help you achieve your objectives sooner, more cost-effectively and at lowest risk.

Expedite Initiatives

Evaluate the risk of doing nothing to ensure that urgent initiatives are prioritized.

Innovate with Purpose

Encourage innovation with fair and transparent evaluation, scoring and prioritization of ideas.

Project Demand Management Framework

Define Strategy and Align Demand

Cascade business strategy to all areas to focus project ideas.

Collect Project Ideas Efficiently

Harness your team’s knowledge to solve challenges and identify opportunities.

Score and Rank Submissions Equitably

Define tailored and appropriate scoring models to guide decision making.

Assist Managers to Prioritize

Automate workflow and give managers consistent information to make informed and confident decisions.

Define Strategy and Align Demand

Organizational strategies evolve in response to the operating environment and competitive pressures.

Stratex Online will provide your team with visibility of current strategic imperatives for their area and allow for the prioritization of project requests that are most aligned to these strategies.

Define your Strategy

Cascade your strategic goals, including non-financial objectives such as sustainability, down to every organizational level and make them visible to all your team.

Align to your Strategy

Assess how well each initiative aligns with the strategic objectives of the area it benefits to automatically calculate a strategic alignment score.

Assign Responsibility

Link initiatives to both the benefitting area and the sponsoring department to efficiently gain approval from both.

Score and Rank Capital Project Requests

Having encouraged your team to submit their project demand requests, how do you prioritize, and focus time and resources on the most important initiatives?

Stratex Online will help you classify asset replacement and project requests between sustenance, growth and compliance and provide an appropriate evaluation matrix to derive a balanced and consistent capital project prioritization score.

Identify Project Risk

Formally assess project risks of both inaction (urgency) and of implementation and adjust your project prioritization scores accordingly.

Assess Project Benefits

Use qualitative benefit assessments in the initial stages of a project and later, once the business case is developed, apply more quantifiable metric-based assessments.

Score and Rank Projects Objectively

Consider strategic alignment, urgency, benefits, and risks to generate a comprehensive assessment score to help management rank projects effectively.

Automate Collaboration and Approval Workflow

With traditional spreadsheet and email-based wish-list and demand management processes, important initiatives can get stuck or unfairly discounted.

With Stratex Online, by streamlining the workflow, you can ensure that important ideas are not overlooked and are consistently assessed.

Immediately Access and Chat to Participants

Access project request submissions online in real-time and use the integrated chat to communicate directly with all key stakeholders.

Justify your Prioritization Decisions

Demonstrate probity with a fair and transparent process for prioritizing project demand based on standardised text justifications, assessment scores, discussion comments, audit trails, and supporting documents.

Reduce email with a Centralized Worklist

Minimize email clutter with a centralized worklist of all items for approval available online or on your phone.

Project Demand Management with
Stratex Online

Empower your organization to collect, evaluate, and prioritize employee ideas effortlessly with Stratex Online, an intuitive SaaS solution by IQX Business Solutions. Streamline idea submission and fair evaluation for faster objective achievement. Optimize project demand management – Try Stratex Online today!

Our Latest Articles