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On optimizing the selection of business transformation projects

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7 Author(s)
Abe, N. ; IBM Thomas J. Watson Research Center, P.O. Box 218, Yorktown Heights, NY 10598, USA ; Akkiraju, R. ; Buckley, S. ; Ettl, M.
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To compete and thrive in a changing business environment, a business can adapt by initiating and successfully carrying out business transformation projects. In this paper we propose a methodology for the optimal selection of such transformational projects. We propose a two-stage methodology based on (1) correlation analytics for identifying key drivers of business performance and (2) advanced portfolio-optimization techniques for selecting optimal business-transformation portfolios in the face of resource constraints, budget constraints, and a rich variety of business rules. We illustrate our methodology through a case study from the electronics industry.

Note: The Institute of Electrical and Electronics Engineers, Incorporated is distributing this Article with permission of the International Business Machines Corporation (IBM) who is the exclusive owner. The recipient of this Article may not assign, sublicense, lease, rent or otherwise transfer, reproduce, prepare derivative works, publicly display or perform, or distribute the Article.  

Published in:

IBM Systems Journal  (Volume:46 ,  Issue: 4 )

Date of Publication:

2007

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