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In past few years we have seen spurt of various industry best practices & certifications like CMMI, PMBoK (PMP), PRINCE2, ITIL, SCRUM, CobiT, Lean, Six Sigma, ISO 20000, ISO 27001, Balance Scorecard, TOGAF etc.
One wonders why are there so many practices and whether they are really relevant ? Are these certifications competitors for each other or are they complementary to each other ? Is it important that people should have knowledge in all of these areas ? Are ALL these areas important for organisations to focus on ? Will and individual and an organisation lose anything in long run if they do not adopt these best practices ? Will organisations be put to disadvantage by now following these practices ?
Answer to all the above questions is emphatic YES ?
Gone are the days when organisations would operate on rigid models and ignore the changes in the market place and still survive. It was possible when the market was driven by sellers and buyers had little choices.
Today's markets are driven by specific needs of customers who want the products and services delivered based on their specifications rather than accepting whatever is being built by service providers.
With shrinking product lifecycles & dwindling brand loyalty, customers no longer like to be loyal and would rather shun even the established big brands and go where they get latest and best value for their money.
Power has really shifted from the hands of Service Providers into hands of customers and to the dismay of many organisations Power Shift has really happened as explained by Alvin Toffler in his book.
People have really started understanding the meaning of what Thomas J. Watson Jr. has said: #I believe that if an organization is to meet the challenges of a changing world, it must be prepared to change everything about itself, except its beliefs. #
How can an organisation survive in such turbulent times ? There is no SECOND chance if you make mistake even once. In such tightrope walk you need definitive controls on the way you build and utilize your assets. Time to Market within the expected Budgets and Quality requirements of customers and Faster Recovery of Investment is name of game now.
In such dynamic environment organistions need proper Governance Controls, Followed by Disciplined Portfolio, Program & Project Management Methodologies supported by Synergetic & Orchestrated Operations is MUST to SURVIVE in today's GLOBAL market place.
Stability & Agility with proper responsiveness is must for every organisation to Survive and QLogy's Integrated Quality Model (IQMTM) will help organisations to deliver on various conflicting objectives with satisfaction of all stakeholders namely, Customers, Investors, Employees and Society.
By following IQMTM you can get the value from synergy of processes to improve your business outcomes.
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