Home Insights Achieving strategic goals through a prioritized project portfolio

Achieving strategic goals through a prioritized project portfolio

The challenge

A large Medicaid health plan wanted to align their corporate initiatives to their strategic goals and operating plans across multiple business entities including five health plans, a pharmacy benefit manager, and a care management company. They wanted to implement a prioritization program that balanced the needs of each individual business unit with overall company objectives. They also wanted to define the assessment and decision making processes for future investments. Finally, they sought an integrated process to manage the variety of requests coming into the centralized PMO and IT departments.

Our approach

Vynamic developed a framework for executing the Public Health plan’s corporate strategy that consistently evaluated proposed initiatives through a prioritization approach that incorporated a scorecard and high-level cost/benefit analysis. The scorecard that Vynamic developed reviewed each proposed initiative against both tangible and intangible factors. Each potential project was scored based on alignment with strategic goals, as well as contribution to key value drivers.

The results

Our Public Health customer now has a consistent framework and process to evaluate corporate initiatives against strategic goals and operational plans.

Some specific results achieved include:

  • Creation of an integrated portfolio management process that accounts for corporate initiatives
  • Establishment of a prioritized project portfolio for annual portfolio planning
  • Elimination of duplicate investments by integrating all requests in the prioritization process

About Vynamic

Vynamic, an Inizio Advisory company, is a leading management consulting partner to global health organizations across Life Sciences, Health Services, and Health Technology. Founded and headquartered in Philadelphia, Vynamic has offices in Boston, Durham NC, and London. Our purpose is simple: We believe there is a better way. We are passionate about shaping the future of health, and for more than 20 years we’ve helped clients transform by connecting strategy to action.

Through a structured, yet flexible delivery model, our accomplished leaders work as an extension of client teams, enabling growth, performance, and culture. Vynamic has been recognized by organizations like Great Place to Work and Business Culture Awards for being leaders and innovators in consulting, company culture, and health. Visit Vynamic.com to discover how we can help transform your
organization or your career.

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