StoneLaurel helped a healthcare provider, articulate the value associated with their program/project portfolio.
Business Challenge
A large healthcare organization was challenged to understand the value derived from initiatives. Resources were overallocated, teams were very reactive, and timelines/deadlines were not always met. Leadership decided to establish a way to prioritize and select high value initiatives, establish a protocol for initiatives success, and provide transparency into initiative health and outcomes.
StoneLaurel’s Solution
StoneLaurel, interviewed stakeholders to understand current state and portfolio of programs/projects. They vetted high-level framework leveraging best practices, validating fit for the culture and process maturity level. Playbooks and templates were developed to support the updated framework.
With consolidated interview results, they then examined program/project portfolios and associated budgets to see where money was going, and if the department was maximizing those funds to achieve customer and company objectives.
Big Results
StoneLaurel’s solutions allowed the organization to be focused on fewer, but higher priority initiatives, which increased transparency of initiative health and outcomes. Resources could then be more focused on execution and be more proactive. Opportunities to align/combine efforts are now identified upfront.