New insights from Info-Tech Research Group provide utilities with a comprehensive framework to overcome the challenges posed by IT and operational technology (OT) silos. As a new industry resource, the company provides actionable insights to strategically select and prioritize high-value projects, align with organizational goals, and ensure efficient resource management throughout the lifecycle. Provide. Info-Tech’s blueprint helps utility IT teams increase operational efficiency and maximize the value of their project portfolio by emphasizing the importance of consistent status reporting, project completion, and benefit tracking. Helpful.
Toronto, January 16, 2025 /PRNewswire/ – Info-Tech Research Group reports that utility organizations are under pressure to modernize operations and deliver consistent value, especially as IT and OT systems become more integrated. However, barriers such as entrenched silos, misaligned goals, and inconsistent project oversight often create operational inefficiencies and limit value delivery. To address these challenges, the global research and advisory firm has published a blueprint to “holistically improve PPM maturity across IT/OT.” It provides utility leaders with a practical framework and tools to assess project portfolio management (PPM) maturity and bridge the IT/OT gap. and create a unified governance structure. The company advises that by adopting these strategies, utilities can streamline operations, protect project outcomes, and maximize project value in an increasingly interconnected and technology-driven industry. There is.
“Selecting the right projects at the right time and having repeatable processes in place to maintain projected value throughout project execution are critical to an organization’s ability to adapt and transform,” he says. says. evan garlandResearch Analyst in the Information Technology Research Group. “IT/OT convergence provides an incentive to not only reevaluate the processes that support planned preventive maintenance, but also in a way that breaks down the silos that exist between how IT and OT operate. By identifying opportunities to integrate IT and OT PPM and operating under a single governance framework, the utility industry has achieved greater maturity than possible by pursuing maturity separately. You can increase the value of making improvements.”
In this resource, Info-Tech reveals that IT and OT have traditionally operated as separate silos within utilities. However, increasing demands for operational efficiency and rapid advances in technology have increased the need for tighter integration between the two domains. The company’s research highlights the significant challenges facing utility organizations in this integration, particularly the complexity of managing a mix of traditional and modern hardware and software systems. According to the company’s experts, these challenges impede process standardization and seamless data flow, ultimately limiting the full potential of IT/OT integration.
Info-Tech’s data-backed resources further emphasize that effective PPM begins with selecting projects that are strategically aligned with business objectives. The company advises that a mature PPM process is key to building a balanced portfolio of high-value projects and maintaining that value throughout project execution.
Info-Tech’s comprehensive PPM framework for utilities
The research and advisory firm’s Blueprint for Holistically Improving PPM Maturity Across IT/OT presents a structured framework tailored for the utilities sector designed to enhance project selection, execution, and value delivery. Shows an overview of the work. The main components of this framework include:
Acceptance, Approval, and Prioritization: A clear process for submitting project requests and establishing decision-making criteria for funding projects that align with strategic goals. Utility organizations should set a target investment mix to prioritize high-impact projects. Resource management: Ensure projects stay on track with accurate, real-time data on resource allocation and contingency plans for resource changes due to project delays or changing priorities. Status and progress reporting: Consistent reporting keeps stakeholders informed, increases transparency, and enables proactive decision-making throughout project execution. Project termination: Clear criteria for project completion, validation of results, and systematic termination of low-value projects to free up resources for higher-value initiatives. Track benefits: Track and report realized benefits to ensure alignment with the original business case and organizational goals.
By adopting the structured approach detailed in Info-Tech’s blueprint, utility organizations can better align projects with strategic objectives, optimize project execution, and improve overall project portfolio value can be increased. The convergence of IT and OT presents a significant opportunity for utility organizations to break down silos and unify operations to drive measurable improvements across the organization.
For exclusive and timely commentary from evan garlandIf you are a PPM expert with access to a complete blueprint to holistically improve PPM maturity across IT/OT, please contact us. (email protected).
About Information Technology Research Group
Info-Tech Research Group is one of the world’s leading research and advisory firms, serving more than 30,000 IT and HR professionals. The company produces unbiased, relevant research and provides advisory services to help leaders make strategic, timely, and informed decisions. For nearly 30 years, Info-Tech has been working closely with teams to provide them with everything they need, from practical tools to analyst guidance, to ensure tangible results for their organizations. has been provided to.
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SOURCE Information Technology Research Group
