| Resources saved through reengineering efforts are invested in business-building investments which are managed through the portfolio management effort | Improved decision-making and resulting benefit to investment efficiency from portfolio management discipline generates capacity for investment in innovation. | Innovation drives additional reengineering and product/service ideas. Successful innovations create additional investment capacity enabling sustainable future organization growth. |
- What are the critical and non-critical processes of the organization and how can they be managed in a more efficient and cost-effective way?
- How should we differentiate between customer and non-customer facing operating expenses as we develop our reengineering plans?
- How do we develop a culture that strives to constantly improve and reengineer the organization?
- How do we reduce unproductive complexity from within the organization?
| - How do we build a portfolio management discipline within our organization?
- How much revenue, profit and cash flow are we losing due to suboptimal portfolio practices?
- How do our resource allocation practices compare to our competitors? As compared to leading organization?
- Are we investing funding and personnel resources in the best projects?
- Is our portfolio of investments sufficiently diversified in terms of risk, timeline, business strategies, etc?
- Are we properly valuing and evaluating investments along financial, strategic and risk dimensions?
| - Are we innovating enough in emerging and disruptive areas?
- How do we create a culture of innovation?
- How do we capture the best ideas from around the organization?
- How can we take ideas to successful execution?
- What incentives should be put in place to foster innovation?
- What are the appropriate measures to evaluate an innovative project?
- What is in our innovation portfolio and is it appropriately diversified?
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