SPM: Starting a Demand
SPM: Starting a Demand from Creative and innovative ideas thrive best when managed with Strategic Portfolio Management (SPM), which aligns projects and initiatives with strategic objectives. At the core of SPM is the Demand Management process—a vital mechanism that transforms these innovative ideas and business needs into actionable projects. Starting a demand is the crucial first step in this transformative journey, offering a structured approach to capturing and evaluating requests for new projects, enhancements, and services.
Demand Management acts as the gateway for all work requests, ensuring that each one is meticulously documented, assessed, and prioritized according to its potential impact and alignment with the company’s goals. Whether it’s a groundbreaking idea, a critical system enhancement, or a new feature request, starting a demand enables organizations to efficiently manage their resources, streamline workflows, and drive significant value creation. By offering a clear and organized method to initiate and track demands, SPM empowers decision-makers to make well-informed choices, allocate resources wisely, and ultimately achieve strategic success.