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How to Successfully Transition to a New Work Model: The Leader's Guide
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How capital program management
affects your transitions
Capital programs are typically tied to larger initiatives
and have a series of related and highly similar projects
distributed across multiple locations. The relationship
between these projects and their budgets are often too
complex for traditional project management solutions, and
without a purpose-built solution, this complexity can slow
down your transitions by, for example, making it difcult to
free up leftover funds when a project is completed.
You may have the resources you need to move into
the next phase of your work transition, but they're
associated with another project—at another location or
even the same location. Despite being nested under the
same program, these projects don't necessarily share a
budget, and so projects linger in various approval stages
instead of simply moving forward. Additionally, projects
inevitably run into unexpected expenses. If your program
management system doesn't have ways to streamline
approvals for additional work (and costs), it's going to delay
your transition.
