Finance and IT driving digital transformation together.
The goal of TBM is to improve the collaboration between business, finance, and IT to maximize the delivery of value and the return on investment. Digital transformation is about enabling the enterprise to move at the speed of the market, respond to unexpected events and opportunities, drive innovation, and capitalize on emerging technologies. But, this collaboration between business and IT can only exist if there is transparency into the real costs and returns, and informed decisions about the actual costs of technology investments. Business leaders need to manage spending, consumption, and performance.
TBM helps to move the conversation from merely looking at the price of IT to talking about maximizing value and achieving business objectives.
TBM is a market-leading approach to modernizing financial planning and governance for IT. Implementing TBM can produce significant improvements, but it also has many overlaps with an Agile transformation, particularly for organizations implementing SAFe or Lean Portfolio Management. Indeed, “Enterprise Agility” is one of the four main areas of focus of TBM.
At Agile Rising, we believe the best way to implement TBM is in conjunction with an Agile transformation. Even more importantly, organizations should not be undertaking two overlapping major change initiatives at the same time without them being tightly coupled. TBM and enterprise Agile are both critical components of an overall digital transformation. Agile provides a path to optimizing the “change-the-business” activities such as innovation and application development. In contrast, TBM provides CIOs and CFOs with a path for optimizing “run-the-business” activities such as infrastructure, IT services, and managing the total cost of ownership.
Utilizing the TBM concept of Value Conversations and an Agile enterprise framework such as SAFe, Agile Rising will help enable collaboration between Business, IT, and Finance. By organizing around value streams, implementing lean budgeting — a smaller investment that returns value more quickly — and creating transparency throughout the process, we can help you create a roadmap and transition approach to transform your organization successfully.
The TBM key performance indicators focus on the critical measures needed as you build out your TBM implementation strategy. Simply put: Measure what matters.
At Agile Rising, we have deep experience helping multiple large corporations and Federal agencies successfully adopt the Scaled Agile Framework (SAFe®) and implement Lean Portfolio Management. We know the challenges you face and can help you navigate a successful implementation strategy combining Agile and TBM.
Ready to start your transformation? Schedule a consultation with one of our transformation experts today.