Making the best decisions across your entire organization on how to spend your scarce resources to deliver the highest value is an elusive goal for most businesses.
The majority of organizations make investment decisions within a department or division, and prioritize investment choices based on their departmental perspectives and predefined “budgetary” targets. The investment plans are combined and presented to key decision makers across the organization. The projects supported by the most compelling arguments are funded. This may not always result in the best use of the company’s resources, but in most cases, tackling the thorny problem of making investment trade-off decisions across the entire enterprise is not possible.
Download this white paper to learn more about best practices related to Asset Investment Planning and Management (AIPM) and three methodologies that have been successfully used to achieve consistent and effective enterprise-wide decision making.