In this episode, Kailash Upadhyay and Dr. S. Chandramouli discuss the critical importance of strategic alignment in portfolio management. They explore the challenges organizations face in aligning their portfolios with strategic goals, emphasizing the need for executive buy-in and effective communication. The conversation also contrasts traditional and modern approaches to strategic alignment, highlighting the shift towards value management and the use of OKRs. Best practices for maintaining alignment are shared, including the importance of governance and benefit realization plans. The discussion concludes with insights on the agility of smaller organizations and the necessity for regular evaluation of alignment practices.

Takeaways:

Chapters:

00:00 Introduction to Strategic Alignment

04:11 Understanding Strategic Alignment Challenges

14:28 The Role of Executive Buy-In and Resources

20:02 Traditional vs. Modern Strategic Alignment Practices

35:07 Implementing OKRs and KPIs with Technology

37:41 Best Practices in Strategic Alignment

40:33 Continuous Alignment and Management by Objectives

45:35 Governance and Systems in Portfolio Management

47:47 Value Realization and Benefit Management

52:33 Aligning Portfolios with Multiple Objectives

54:53 Frequency of Portfolio Alignment

59:10 Risk Management in Smaller Organizations

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